Schools
As Chicago Public Schools Budget Deadline Looms, Interim Chief Resisting Controversial $300 Million Loan
"I don't think that I've had a long runway to begin with," Chicago Public Schools interim CEO Macquline King said on Tuesday.
August 13, 2025
Classes start in less than a week for Chicago Public Schools students, and in less than a day, the district will unveil its budget proposal for the upcoming school year.
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While the Chicago Board of Education is not required to approve a budget for the 2025-26 school year until Aug. 28, it's unusual for CPS to start the school year without a spending plan already in place.
Despite the district facing a $734 million budget shortfall, the district's interim CEO is resisting a controversial $300 million loan that her predecessor, Pedro Martinez, also refused to back, leading to his ouster this spring.
