Finance ❯ Public Finance ❯ Budget Deficits

Funding Sources

Tax Increment Financing Pension Payments State Funding Debt Management

Chicago Public Schools Faces Budget Uncertainty as Principals Prepare for 2026 Allocations

CPS plans to release school budgets based on $300 million in uncommitted funding, risking a $529 million deficit and potential staffing cuts.

Chicago Public Schools CEO Pedro Martinez Seeks Increased City Funding Amid Leadership Tensions