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Civic Federation says Chicago Public Schools' finances could lead to a credit downgrade - MSNThe Civic Federation said the new board has "a monumental task ahead" in fixing the crisis at CPS. According to the Civic Federation, enrollment in CPS schools has dropped by about 21% since FY2010.
The Civic Federation has thrown its support behind a property tax hike and proposed $5.9 billion budget for Chicago Public Schools in 2011-12, but it has concerns about the long-term financial ...
The Civic Federation recommended a number of fixes after taking CPS to task for a lack of transparency on several key fronts. | File photo Share Given its bleak financial situation, Chicago Public ...
Despite a potential huge hole, lagging taxes and fast-rising expenses, CPS is doing as well as it can, given COVID-19, the watchdog group says. Civic Federation gives CPS a pass on new $8.4 ...
For instance, CPS spending in all funds is proposed to rise 10.8 percent, or $907 million, compared to last year, the federation said, with spending on day-to-day, non-capital operations up even ...
A Civic Federation report calls for budget cuts and new revenue sources. The group floats a state financial takeover as a “worst-case scenario” if the situation doesn’t improve.
As Chicago Public Schools tries to close a $529 million budget gap amid a structural deficit, the Civic Federation floats ...
The first-year cost is not the issue. The problem, according to Laurence Msall, is what happens after that.
While state aid has increased since 2017, helping CPS fund its general operations and pay down pension debts, it is still “underfunded relative to need,” the Civic Federation noted.Under the ...
The Chicago Public Schools board of education unanimously approved the $9.9 billion fiscal 2025 budget Thursday. The vote came on the heels of a report from the Civic Federation of Chicago, a ...
The Civic Federation said the new board has "a monumental task ahead" in fixing the crisis at CPS. According to the Civic Federation, enrollment in CPS schools has dropped by about 21% since FY2010.
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