Finance ❯ Budgeting

Deficits

University Funding School Funding Public Sector Finance Cost Reduction Public Education Funding State Funding Public Sector Pension Deficits Funding Sources Government Spending

CPS Lays Off 162 Central and Citywide Staff to Reduce Budget Gap

Exhausted non-personnel savings drove the district to cut roles expected to free about $18 million for the coming school year

Mamdani and Council Pass $125.8 Billion NYC Budget

Cincinnati Public Schools Cuts 111 Jobs to Close Nearly $59 Million Shortfall

Milwaukee Board Approves $1.6 Billion Budget to Close $46 Million Shortfall

Philadelphia School Board Adopts $4.6 Billion Budget With Major Classroom and Central-Office Cuts

CPS Releases Leaner School Budgets, Raises Class Size Targets to Confront $732 Million Gap

Spring Branch ISD Votes To Close Northbrook Middle School

Minneapolis Schools Recover $21 Million in Missed Special Education Funds, Plan to Rehire About 100 Staff

Hochul Rejects NYC PTET Cut as Mamdani Seeks $1 Billion to Plug Budget Gap

Milwaukee Public Schools to Add 89 Classroom Teachers in 2026–27 Budget Plan

France’s Treasury Backs 65 Retirement Age as Studies Warn of a Growing Pension Gap

Milwaukee Public Schools Cuts 260 Non‑Classroom Jobs, Affecting 201 Staff

Fort Bend ISD Closes Seven Elementary Schools in 4–3 Vote as Rezoning Begins for 2026–27

LAUSD Board Authorizes 3,200 Preliminary Layoff Notices in 4–3 Vote

Audits Expose $46 Million Gap at Milwaukee Public Schools as Board Weighs Mid‑Year Cuts

Rupiah Rebounds From Record Low as Bank Indonesia Holds Rates and Vows FX Defense

Italy’s Pensions Deemed Stable for Now as New Report Flags Risks From Early Exits and Soaring Assistance

98 Minnesota Mayors Urge Fiscal 'Course-Correction,' Citing Cost Shifts to Cities

Pittsburgh Council Approves 20% Property Tax Hike for 2026 Budget

DePaul Lays Off 114 Staff to Close Budget Gap