A change in state funding has caused Chicago Public Schools to lose almost $30 million in expected state money, representing yet another hit as district officials warn of ramifications in both the near and distant future.
“What I will say is that this is not unexpected, but sooner than we thought,” she said. She and other experts say they did not anticipate CPS was losing so many low income students, and point to that loss as the reason for the funding drop.
And the district is receiving a bump in state tax replacement revenue, which officials had already accounted for in the district’s new budget. The Chicago Teachers Union said CPS continues to be “extremely under-funded” and called on the state to “move quickly [to] put more money into evidence-based funding so that every school across our state receives the resources it deserves. CPS is one of hundreds of Illinois school districts that is 30% underfunded.”
Perhaps the only silver lining is the state now calculates CPS is getting closer to providing an adequate education for all its students. The district moved from 67.8% to 74.6% adequacy — meaning CPS now has about three-quarters of the funding it needs to properly serve its students.
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