CPS projected to end school year with $45M deficit as budget challenges persist

CPS projected to end school year with $45M deficit as budget challenges persist – Chicago Sun-Times

The $2.8 billion in federal emergency funding that CPS received starting in 2020 helped mask continued structural funding problems.

CPS projected to end school year with $45M deficit as budget challenges persist

For the second year in a row, Chicago Public Schools is on track to spend more money than is coming in — a sign of the district’s difficult financial situation.Two financial reports submitted to Board of Education members at last week’s monthly meeting show the school district is struggling to cover all its costs.These revelations come as district leaders are putting together the budget for next school year. Officials thought that spending plan …