Chicago Public Schools sees $700 mil. deficit next year

Rosalind Rossi

Two months into the school year, Chicago Board of Education officials Tuesday were already estimating next school year's deficit at $700 million.

Plus, the State of Illinois now owes the Chicago Public Schools more money than it did in August, when CPS officials scraped together enough cost savings, last-minute revenues and rainy-day reserve fund-raiding to balance the system's budget.

Posted by Jim Zellmer at November 11, 2010 1:02 AM
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