Chicago Public Schools launches a new, ‘more equitable’ funding model
CHICAGO — While legislators in Springfield consider a bill that would prevent Chicago Public Schools from closing schools or making changes to its admissions policies through 2027, district officials have begun finalizing a budget they claim will benefit all of the district’s schools – neighborhood and selective enrollment – in the upcoming school year.
The district’s proposed budget for the 2024-25 school year will use a new method for distributing funds so that all of the city’s more than 600 public schools will be guaranteed a minimum number of teachers in core subjects like reading and math, as well as in arts and physical education, according to budget documents provided by CPS.
The will protect the robustness of the, something will have to give. And, central office expenses, such as vendor payments which surpassed $2.8 billion this school year as of March 15, according to CPS procurement data, are currently under review, Martinez said.
