Accounting trick means more money for CPS

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

The Chicago Public School system has found another $70 million to pump into local school budgets in the coming year.

A one-time accounting change and some cost reduction will free up the extra money.

But the Civic Federation warns, the accounting adjustment — essentially borrowing from next year’s property tax revenues — is risky.

Schools had to cut their budgets early this year because of falling enrollment and general funding shortages.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

1 Comment