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Chicago School Board Members on New CPS Budget Plan

Officials continue working to finalize a budget proposal to close a $734 million funding gap.

08/18/2025 | Rating NR

Chicago Tonight

Chicago School Board Members on New CPS Budget Plan

Clip: 8/18/2025 | 10m 45sVideo has Closed Captions

Officials continue working to finalize a budget proposal to close a $734 million funding gap.

CPS leaders have released their latest budget proposal, which banks on additional TIF funding and cuts to developmental and central office staff. The district also intends to push a $175 million municipal pension payment onto the city, unless CPS obtains enough TIF or state funding to offset that cost.

08/18/2025 | Rating NR

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