Overview

• 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.