Chicago Schools In "Dramatic Trouble": "They're Looking At A Disaster," Illinois Governor Warns
Back in September, we noted that Chicago’s schools are in trouble. Deep trouble.
Amid Illinois’ intractable budget crisis, the city’s public school system opened with a budget shortfall of nearly a half billion dollars.
Borrowing and trimming the proverbial fat helped close some of the $1.1 billion hole but once the board reached the point where “further cuts would reach deep into the classroom” (to quote system chief Forrest Claypool), the schools asked Springfield to make up the difference which amounts to $480 million.