The Chicago Teachers Union says an audited budget for the last school year showing an extra $344 million indicates the city's school district has manufactured a fiscal crisis.
However, Chicago Public Schools officials say the money is budgeted for the current school year. They say the money appears on last year's books thanks to Cook County sending out property tax bills on time for a change.
The Chicago Sun-Times reports union president Karen Lewis contends the school district always understates revenue while over-projecting spending. She says months after the budget is drafted, the final audited versions typically show a smaller financial hole.
CPS spokeswoman Becky Carroll says the $344 million turned up because of early payments by the state and county governments. The district projects a $700 million deficit.
Thursday, May 16 2013 9:49 PM EDT2013-05-17 01:49:53 GMT
Mayor Emanuel will celebrate two years in office by unveiling "Elevate Chicago" on Thursday, a series of construction projects to improve Navy Pier and McCormick Place.
Mayor Emanuel will celebrate two years in office by unveiling "Elevate Chicago" on Thursday, a series of construction projects to improve Navy Pier and McCormick Place.
Sunday, May 19 2013 12:32 PM EDT2013-05-19 16:32:45 GMT
A 23-year-old woman was killed and four others were critically injured when two cars crashed into a building in the Far South Side Washington Heights neighborhood early Sunday.
A 23-year-old woman was killed and four others were critically injured when two cars crashed into a building in the Far South Side Washington Heights neighborhood early Sunday.
Sunday, May 19 2013 12:21 PM EDT2013-05-19 16:21:16 GMT
One adult and 11 juveniles were arrested Saturday night after police responded to groups of teens running through traffic around North Michigan Avenue on the Gold Coast.
One adult and 11 juveniles were arrested Saturday night after police responded to groups of teens running through traffic around North Michigan Avenue on the Gold Coast.
Sunday, May 19 2013 11:50 AM EDT2013-05-19 15:50:06 GMT
One number in Saturday night's Powerball drawing was the difference for a dozen Illinois players between being $10,000 richer and living the life of a multi-millionaire - whose ticket was purchased in Florida.
One number in Saturday night's Powerball drawing was the difference for a dozen Illinois players between being $10,000 richer and living the life of a multi-millionaire - whose ticket was purchased in Florida.
Sunday, May 19 2013 10:52 AM EDT2013-05-19 14:52:09 GMT
Four people have been killed and at least 15 other people wounded -- including a 12-year-old boy left in critical condition -- in shootings around the city since Friday night.
Four people have been killed and at least 15 other people wounded -- including a 12-year-old boy left in critical condition -- in shootings around the city since Friday night.
