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School Budget

CPS seeks financing as debate continues over $150M in state funding

  • Aug 3

Concerns about financing, school opening after CPS budget approval

  • Jul 31

CPS lays off 162 employees amid $700 million budget shortfall

  • Jul 14

Chicago teachers warn of cuts as CPS faces $700 million budget deficit

  • Jun 26

CPS' preliminary budget shows $732M deficit as enrollment drops

  • May 13

CPS board votes to approve $175M pension payment to city

  • Oct 31, 2025

Suburban district proposes school closure scenarios to balance budget

  • Oct 14, 2025

Battle brewing over pension payment after CPS budget proposed

  • Aug 14, 2025

Latest Videos

2:39

CPS seeks financing as debate continues over $150M in state funding

  • Aug 3
0:22

CTA budget proposal includes pass discounts, no service cuts

  • Oct 21, 2021
2:03

CPS Board to consider nearly $1B capital plan

  • Jul 25, 2018
2:27

NEIU faculty, students hold funeral march for Illinois higher education

  • Jul 3, 2017
2:31

Rahm Property Taxes

  • Aug 25, 2016
1:44

Berwyn schools may be forced to make cuts

  • Jan 14, 2016
1:14

CPS students head back to school Tuesday

  • Sep 8, 2015

Latest Stories

CPS presents balanced budget that does not include classroom cuts or taking out loan

To close an almost billion-dollar budget deficit, Chicago Public Schools presented a balanced budget that does not include cuts to the classroom or taking out a loan Wednesday.

  • Aug 13, 2025

CPS officials discuss funding options with mayor's office 1 day before their balanced budget is due

Top Chicago Public Schools officials met with Mayor Brandon Johnson's office one day before they are set to present a balanced budget to the school board.

  • Aug 12, 2025

Mayor Johnson working with CPS, unions to balance school district's budget, seeks state help

The district needs to present its budget plan this month and is facing a massive shortfall.

  • Aug 5, 2025

Gov. JB Pritzker signs $55.2B Illinois budget reliant on $700M of new taxes

Gov. JB Pritzker signed the 2026 budget into law Monday morning.

  • Jun 16, 2025

Illinois lawmakers pass $55.2B budget with new taxes, immigrant health cuts, no transit funding

A new $55.2 billion state budget may be more significant for what is not in it than what is. Namely, an agreement on how to pay for the more than $770 million dollar shortfall the Regional Transit Authority is facing by year's end. 

  • Jun 2, 2025