State to CPS: You owe us $23.5 million
CHICAGO — Chicago Public Schools just got some more bad news — this time from the Illinois Department of Revenue.
The state’s tax collection agency discovered an error in the way personal property taxes on businesses were distributed to local governments.
The error, announced Tuesday, is part of a misallocation of $168 million distributed by the state to local governments since 2014.
Chicago Public Schools got $23.5 million too much.
The City of Chicago, the Chicago Park District and Cook County got a combined $32 million more than they were supposed to get.
The revenue department blames it on a paperwork error, and the state says it wants its money back.
-The Chicago Tribune contributed to this report