Saturday, March 15, 2025

Search results for keyword: Debt found in 425 News.

Arts & Entertainment
  • by david hall
education
  • by david hall
Johnson rejected by Board of Education on CPS loan, pension payment

The tension around taking on debt and the pension payment was the crux of a month-long delay of the school system’s budget proposal, which came out Wednesday.

education
  • by david hall
Mayor Johnson rejects cuts in CPS budget plan meant to fill $500M deficit

Cuts to staffing and other initiatives are needed to balance the budget this month, CPS officials say. Johnson's plan to close the gap is unclear.

education
  • by david hall
CPS proposes cutting administrative costs, restructuring debt to close $500M deficit

If this budget passes the Board of Education on July 25, another deficit is expected later this year once the school district reaches a contract deal with the Chicago Teachers Union.