Politics & Government
Chicago Board Of Education Considering Amendment Allowing CPS To Take Loan If Needed
The board is now saying it did not take into account the costs of a new teacher contract, which is still being negotiated.
March 6, 2025 / 6:57 AM CST
The Chicago Board of Education is proposing an amendment to the budget for public schools that would need approval by the end of the month.
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The proposed change to the current budget, made in just the last 24 hours, would allow the school district to take on a loan to balance the budget if needed.
The district approved a nearly $10 billion budget over the summer.
