Chicago Public Schools Unveils $9.9 Billion Budget with Major Cuts and New Funding Model

The proposal addresses a $505 million deficit by cutting central office costs and restructuring debt, while increasing funding for special education and bilingual services.

• The budget includes a $149 million increase in school-level funding, largely for special education and bilingual services.
• CPS plans to add 800 positions, including 500 teachers, despite central office staff cuts.
• A new funding model prioritizes baseline staffing over student enrollment numbers.
• Capital spending is set to rise significantly to $611 million, focusing on facility improvements.
• The budget does not yet account for potential raises from ongoing union negotiations.

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