Mayor Brandon Johnson is forecasting a budget deficit of $882.4 million for next year, but declined to say whether he will raise property taxes to close the gap.
The Chicago Board of Education is expected to vote Thursday on an almost $10 billion budget as debate continues over potential amendments and funding assumptions.
Chicago Public Schools is holding public budget hearings, with CTU pushing back against job cuts and furlough days.
Some Chicago city employees, including police officers, could face layoffs this fall as Mayor Johnson and members of the City Council's budget accountability coalition clash over responsibility for a projected $98 million midyear budget shortfall.
Proposed cuts, furloughs and a spending freeze are part of Chicago Public Schools' budget plan as the district works to balance its finances, but the proposal does not include school closures because of an ongoing moratorium.
As Chicago Public Schools seeks approval of an almost $10 billion budget by July 30, some members of the Chicago Board of Education are voicing opposition to a proposal that includes staff cuts, furlough days and a midyear spending freeze.