In a statement released Thursday, Civic Federation President Joe Ferguson said the board's decision departed from sound budgeting principles by relying on speculative revenue to balance the district's finances. #cps #budget #chicago
The nonpartisan government finance watchdog released three reports Wednesday examining the fiscal issues it says will shape CPS' financial future beyond this year's budget cycle. #cps #civicfederation #budget
Statehouse members did not vote on Ford’s proposed constitutional amendment in time for a binding measure to appear on the November ballot statewide. #tax #millionaries #centersquare
Before the board voted, Chicago Public Schools Acting Chief Financial Officer Wally Stock said CPS ended fiscal year 2025 with a negative cash flow of $339 million, or $485 million worse than fiscal year 2024. #taxes #cps