Chicago Public Schools Implements New Equity-Based Funding Formula Amid Criticism

The new formula prioritizes resource allocation to schools with higher needs, sparking debates over transparency and staffing concerns.

CPS CEO Pedro Martinez defends the new funding formula, emphasizing its role in addressing educational inequities.
Selective enrollment and magnet schools report potential budget cuts, raising concerns among parents and staff.
Chicago Teachers Union criticizes the lack of transparency and the potential impact on paraprofessional positions under the new system.
Local School Councils are set to review and approve school budgets in late May, with comprehensive assessments expected in June.
The changes aim to rectify historical underfunding in disadvantaged schools, despite facing a $391 million budget deficit.