Negotiations come as Civic Federation report warns the state may need to take over control. as a last resort
As contract talks between Chicago Public Schools and the Chicago Teachers Union continue, he Civic Federation warns CPS is in bad financial state.A new report paints a dire financial picture at Chicago Public Schools. The Civic Federation says CPS is in such bad financial shape, that the state may need to take over control.
The budget watchdog group says shrinking enrollment, rising costs, and long-term pension liabilities are to blame."We've invested in our district based on need and added over 7,000 staff since 2019," Martinez said. "Most of these positions were paid with federal pandemic aid and as our aid is running out, it will be difficult for us to continue these positions, much less pay for additional staff, so preserving these 7,000 positions remains our top priority.
Meanwhile, this is all playing out ahead of Wednesday's swearing-in for the new 21-member Chicago School Board which will inherit these issues.
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