Chicago Public Schools

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Setting the Record Straight: How Tax Increment Financing (TIF) Actually Interacts with the Chicago Public Schools

by Daniel VeseckyTax Increment Financing (TIF) Districts are a complex, often misunderstood part of Chicago’s tax structure. TIF Districts segment and dedicate a portion of property tax collections within a designated geographic area to…

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Confronting CPS’ Deficit and Structural Issues

The following is testimony delivered by Civic Federation President Joe Ferguson to the Illinois House Executive Committee at a July 31, 2025 hearing on Chicago Public Schools' finances. The original testimony has been edited slightly for…

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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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Understanding the Components of CPS’ FY2026 Projected Structural Deficit

This report is part of a three-part educational series on what's at stake for CPS in FY2026 and beyond. Click here to view the one-page summary…

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How Chicago Public Schools' Pensions Work: An Explainer

This report is part of a three-part educational series on what's at stake for CPS in FY2026 and beyond. Click here to view the one-page summary…

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A Brief History of the Chicago School Finance Authority

This report is part of a three-part educational series on what's at stake for CPS in FY2026 and beyond. Click here to view the one-page summary…

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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.