Chicago Public Schools

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Ahead of Pivotal Budget Season, Civic Federation Releases Reports on Chicago Public Schools Financial Forecast

CHICAGO — As Chicago Public Schools (CPS or the ‘District’) heads into a pivotal budget season under new leadership — and with a newly finalized, cost-increasing contract with the Chicago Teachers Union — the Civic Federation is…

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Fiscal watchdog says state financial oversight for CPS is worth exploring

by Sarah KarpJune 16, 2025

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Understanding the Components of CPS’ FY2026 Projected Structural Deficit

by Daniel VeseckyThe Chicago Public Schools District (CPS or the ‘District’) and the Chicago Teacher’s Union (CTU or the ‘Union’) recently reached a…

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How Chicago Public Schools' Pensions Work: An Explainer

By Daniel VeseckyThe Chicago Public Schools District (CPS, or the ‘District’) has over 45,000 employees, all of whom are guaranteed a pension after retirement if they have…

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A Brief History of the Chicago School Finance Authority

by Daniel VeseckyAs the Chicago Public Schools (CPS or the “District”) has concluded the collective bargaining process with the Chicago Teachers…

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Chicago Public Schools: Building Underutilization

By Lucas Freitag and Daniel VeseckyThe recent Civic Federation Financial Landscape Analysis of the Chicago Public School District highlights a long-term issue for the…

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Chicago Public Schools’ Reserves and Cash Flow Issues, Explained

By Daniel Vesecky As contract negotiations between the Chicago Public School District (CPS or the “District”) and the Chicago Teacher’s Union (CTU) continue, how to pay for the increases in salaries and other contract demands remains…

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Financial Landscape Analysis of the Chicago Public School District: FY2025

Click here to read the full report.

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Chicago Public Schools FY2025 Proposed Budget: Analysis and Recommendations

Click here to read the full report.

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Civic Federation: Chicago Public Schools' Proposed FY2025 Budget Only a Temporary Fix

CPS’ FY2025 proposed budget is incomplete at a time when the District faces enormous fiscal challenges both in the short-term, due to unsettled teacher contracts, and in the long-term given next year’s even-larger fiscal deficit. CPS must…