Chicago School Board Approves Budget, Rejects High-Cost Loan
TL;DR Summary
The Chicago Board of Education approved the 2025-26 budget without a controversial $200 million loan, marking a shift in internal dynamics and reflecting ongoing debates over funding strategies, including reliance on TIF surplus and potential borrowing, amidst tensions between mayoral appointees and elected members.
- Chicago school board approves budget without controversial $200 million loan Chicago Tribune
- Chicago Board of Education approves controversial budget plan, avoids shutdown FOX 32 Chicago
- Board of Education approves balanced Chicago Public Schools budget, closing $730 million shortfall ABC7 Chicago
- CPS board rejects Johnson's preferred budget, denies pension payment and loan Chicago Sun-Times
- Chicago’s mayor really wanted CPS to take out a high-cost loan. The school board said no. Chalkbeat
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