CPS takes another budget hit, loses $30M in expected state funding

Students sit outside Nicholas Senn High School in the Edgewater neighborhood.

Pat Nabong/Sun-Times

A change in state funding has caused Chicago Public Schools to lose almost $30 million in expected state money, representing yet another financial hit as district officials warn of ramifications in both the near and distant future.

In a surprise move Friday, the school district, Illinois’ largest by far, was dropped into the second tier of financial need — a move that comes with a corresponding reduction in funding. The change is due mostly to CPS losing enrollment and, specifically, students from low-income backgrounds.

The move was revealed when the state’s Board of Education released its calculations that determine how it will distribute money to school districts for the new school year. The distribution is based on how close each system is to providing what the state has determined is an adequate education for students. The formula takes into account a number of factors, including the number of students, what it would take to educate students living in poverty and the number of English language learners. 


CPS sees another $45M hit to budget after agreeing to pay state back $87.5M over 8 years due …read more

Source:: Chicago Sun Times

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