Overview

• Chicago Public Schools now faces a roughly $736 million budget gap that must be closed by the end of August for the Board to pass a balanced plan.
• Dr. Macquline King has made securing a balanced budget her top priority and insists that classroom instruction and student services remain protected.
• She says cuts, new revenue streams and borrowing options are all under consideration to address the shortfall.
• A series of stakeholder listening sessions will gather community and expert input to generate innovative budget solutions.
• Mayor Brandon Johnson’s push for CPS to absorb a large pension payment, together with looming federal funding cuts, has intensified fiscal pressures and prompted the Chicago Teachers Union to demand state intervention to safeguard special education and other supports.