New CPS Budget Critiqued

Shields, Yvette
July 2006
Bond Buyer;7/5/2006, Vol. 357 Issue 32416, p29
Trade Publication
The article reports on the approval granted by the Chicago Board of Education on a $5.3 billion budget for fiscal 2007 that eliminated a $328 million deficit through cuts, additional state aid and a maximum citywide property tax increase in Chicago, Illinois. The budget lacked sufficient detail as to how the Chicago Public Schools would spend bond proceeds under a new partnership with the city that taps tax-increment financing funds for a $1 billion construction program.


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