Chicago Public Schools officials say they’re adding more than $240 million in additional school-level funding for the upcoming academic year, but about 10% of its schools will see their individual budgets flatline or drop in the fall.
“This proposed budget is a step toward fulfilling CPS’ commitment to providing resources for every school community so that our students are healthy, safe, engaged, and on the path to long-term success,” Mayor Brandon Johnson said in a statement. “This investment in our children is not only an investment in a stronger future for them and their families but is essential to living up to Chicago’s promise as a world-class city.
According to the new proposal, the district’s budget will contain $4.8 billion in school-level funding, which officials said is an increase of more than $240 million over last year. That’s also up approximately $90 million from the $150 million increase district officials said they anticipated back in April.
Approximately 39% of each school’s budget will be tied to the number of students it enrolls, a decrease of 7% from last year’s budget, according to officials. Johnson, a former teacher and paid organizer for the Chicago Teachers Union, has previously spoken out against student-based budgeting, which he said has “had a devastating impact on our schools.
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