Chicago Public Schools

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Chicago’s Mayor Johnson suggests CPS borrow to cover pension, contract costs

Chalkbeat ChicagoBy Reema AminJuly 12, 2024Read this article online.

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Chicago Public Schools Financial Update Highlights Upcoming Budget Shortfall of $391 Million

At the Chicago Public Schools (CPS) Board of Education’s monthly board meeting in October, the CPS Office of Finance updated the Board on the District’s current financial status and the FY2025 budget forecast. The District is expecting to…

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Civic Federation Has Significant Concerns About Chicago Public Schools' Long-Term Financial Challenges

The Federation urges the District to develop a long-term financial plan as costs continue to rise and a financial cliff looms. Click here to visit the report landing page…

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Chicago Public Schools FY2024 Proposed Budget: Analysis and Recommendations

Click here to read the full report.Click here to read the press release for this…

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Addressing the Financial Entanglements Between the City of Chicago and Chicago Public Schools

With the upcoming implementation of an elected school board to oversee Chicago Public Schools, the governance of CPS will be separated from the City of Chicago. The 21-member elected school…

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Funding Status of the Chicago Teachers’ Pension Fund

This blog post examines the Chicago Public Schools’ contributions to the Chicago Teachers’ Pension Fund in the FY2023 budget and the funding status of the Pension Fund based…

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Chicago Public Schools’ Operating Reserves Continue to Improve

The Civic Federation recently released its analysis of the Chicago Public Schools proposed FY2023…

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CPS Enrollment Declines: FY2013-FY2022

CPS student enrollment has been declining annually for the past two decades. In a recent analysis of the Chicago Public Schools proposed FY2023 budget, the Civic Federation…

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Chicago Public Schools FY2023 Proposed Budget: Analysis and Recommendations

Click here to read the full report (PDF).

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Civic Federation Calls for Chicago Public Schools to Conduct Long-Term Financial Planning Amid Personnel and Enrollment Trends and Temporary Federal Funding Relief

CPS enrollment has been declining steadily for at least the past decade while personnel spending has increased dramatically. In a recent analysis of the Chicago Public Schools proposed FY2022…