Overview
- The district’s fiscal 2026 shortfall rose to $734 million after adding a $175 million pension payment and $30 million in costs to absorb Acero charter schools.
- CPS issued layoff notices for 161 central office and citywide employees and eliminated 209 vacant positions, including 87 crossing guards and seven CTU staffers.
- May’s school-level budgets assumed $300 million in new state or city funding that has yet to materialize, triggering the latest cuts.
- The Chicago Teachers Union and SEIU Local 73 have held rallies urging the district to secure additional state appropriations and tap TIF surpluses to safeguard student services.
- The Board approved a Healthy Green Schools Pilot Program to fund 12 clean-energy projects by the end of FY 2026 as a long-term cost-saving strategy.