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.
Monday, February 25 2013 1:41 PM EST2013-02-25 18:41:37 GMT
Just as Oscar host Seth MacFarlane set his sights on a variety of targets with a mixture of hits and misses, the motion picture academy spread the gold around to a varied slate of films.
Just as Oscar host Seth MacFarlane set his sights on a variety of targets with a mixture of hits and misses, the motion picture academy spread the gold around to a varied slate of films.
Tuesday, February 5 2013 3:09 PM EST2013-02-05 20:09:54 GMT
Millions and millions of people tuned in to watch the Super Bowl, and including our friends serving overseas. Thousands of Chicago-style pizzas were sent overseas Tuesday.
Millions and millions of people tuned in to watch the Super Bowl, and including our friends serving overseas. Thousands of Chicago-style pizzas were sent overseas Tuesday.
Thursday, May 23 2013 4:46 PM EDT2013-05-23 20:46:28 GMT
Thieves have struck a Streeterville area construction site a handful of times over the past week, taking tools and construction materials, police said.
Thieves have struck a Streeterville area construction site a handful of times over the past week, taking tools and construction materials, police said.
Thursday, May 23 2013 4:36 PM EDT2013-05-23 20:36:47 GMT
The Obama administration has picked a private attorney and former federal prosecutor to head the U.S. attorney's office in Chicago, U.S. Sen. Dick Durbin announced Thursday.
The Obama administration has picked a private attorney and former federal prosecutor to head the U.S. attorney's office in Chicago, U.S. Sen. Dick Durbin announced Thursday.
Thursday, May 23 2013 4:12 PM EDT2013-05-23 20:12:19 GMT
Six elementary students were taken to hospitals as a precautionary measure after the inflatable playground equipment they were enjoying at a northwest suburban school tipped over.
Six elementary students were taken to hospitals as a precautionary measure after the inflatable playground equipment they were enjoying at a northwest suburban school tipped over.
Thursday, May 23 2013 3:03 PM EDT2013-05-23 19:03:12 GMT
BREAKING UPDATE: The jury reached a verdict in the Donald Trump condo trial on Thursday afternoon. The verdict will be read at 2:15 p.m. and the Dirksen Federal Building.
BREAKING UPDATE: The jury reached a verdict in the Donald Trump condo trial on Thursday afternoon. The verdict will be read at 2:15 p.m. and the Dirksen Federal Building.
Thursday, May 23 2013 2:22 PM EDT2013-05-23 18:22:23 GMT
Things are going to be very busy at Chicago's O'Hare International Airport this weekend. Many travelers will also hit the roads for Memorial Day, and they'll pay the price at the pump.
Things are going to be very busy at Chicago's O'Hare International Airport this weekend. Many travelers will also hit the roads for Memorial Day, and they'll pay the price at the pump.
