Chicago public schools approve $10.2 billion budget, choosing...

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2025-08-30 17:35:43 -

Chicago public schools approve $10.2 billion budget, choosing classrooms over debt: Will cuts hurt support services?

Chicago Public Schools approved a $10.2 billion budget for 2025-26, addressing a $734 million deficit by using TIF surplus funds and cutting central office expenses. The board avoided borrowing and deferred a $175 million pension payment, prioritizing classroom funding. This decision faced criticism from the Chicago Teachers Union, who warned of potential midyear cuts if revenue targets are unmet.

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