Accounting trick means more money for CPS
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.