CHICAGO (AP) -- Chicago Mayor Rahm Emanuel is expected to unveil a comprehensive plan explaining how the nation's third-largest school district will move forward after paying a $634 million pension bill this week that district officials said it couldn't afford.
City officials say the payment was made through borrowing and budget cuts that could hurt the classroom, including "impacting" 1,400 jobs.
Interim Chicago Public Schools CEO Jesse Ruiz says CPS must make $200 million in cuts. He blames state lawmakers for causing further debt.
Tuesday was the deadline to make the mandated payment.
Emanuel and district officials asked legislators for a 40-day delay they said would provide breathing room to find a longer-term solution. But the Illinois House voted down that plan last week and there wasn't enough support for another vote Tuesday.
Mayor Emanuel will hold a press conference today at 2 p.m.