Chicago Public Schools Face Budget Crisis as Students Return to Class
TL;DR Summary
Chicago Public Schools is seeking $1.25 billion in tax-anticipation notes due to a cash shortage caused by delayed property tax collections, which have led to a negative cash position and increased reliance on short-term borrowing amid ongoing financial challenges and a declining credit rating.
Topics:nation#cash-crunch#chicago-public-schools#education#fiscal-deficit#property-tax-delay#short-term-debt
- Chicago Schools Seeks $1 Billion of Short-Term Debt as Cash Gone Bloomberg.com
- CPS school start: $734M budget deficit looms over Chicago Public Schools students' first day of school ABC7 Chicago
- Chicago Public Schools Students Head Back To Class Amid Budget Uncertainty For District Block Club Chicago
- Chicago Public Schools students head back to class Chicago Sun-Times
- Excitement amid cuts: CPS families on the first day Chicago Tribune
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