Chicago Public Schools sets hearing on another massive bond issue
The Chicago Board of Education is proposing the sale of up to $945 million in bonds to pay for construction projects and other expenses, according to a public hearing notice...
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Chicago Teachers Pension Fund overpays retirees nearly $2.8 million
The Chicago Teachers Pension Fund overpaid retirees nearly $2.8 million in recent years because of a misinterpretation of state law, fund officials said. More than a quarter of the money...
Key figure in CPS bribery scandal close to plea agreement
A central figure in the bribery scandal that ensnared the former head of Chicago Public Schools plans to plead guilty to federal charges in October, his attorney said at a...
CPS leader says without contract agreement, cuts coming to classrooms
Chicago Public Schools CEO Forrest Claypool on Tuesday warned that cuts to the classroom would be necessary if teachers don't agree to concessions in a new contract. Claypool ratcheted up...
CPS inspector looking into $250,000 contract for board attorney’s old firm
The Chicago Board of Education's inspector general said Monday his office is investigating a quarter-million dollar contract awarded to the law firm that once employed the board's top attorney. Inspector...
CPS proposes $5.4 billion budget, teacher pact similar to earlier submission
Chicago Public Schools on Monday unveiled a $5.4 billion operating budget proposal that assumes the Chicago Teachers Union will accept a contract similar to one a CTU bargaining team soundly...
CPS will continue to rely on borrowing as it prepares to release 2017 budgets
Months after Chicago Public Schools officials said a dire budget outlook had all but barred the district from the capital markets, the school system is re-engaging lenders to finance construction...
CPS lays off more than 500 teachers, another 500 school-based workers
Chicago Public Schools is laying off more than 500 teachers and another 500 school-based staff members, the district said Friday. The teachers being laid off will be eligible to apply...
Chicago school board sells $150 million in bonds to help pay for repair projects
The Chicago Board of Education sold $150 million in bonds Friday to help pay for projects including millions of dollars worth of plumbing repairs to address lead problems in schools....
Chicago Teachers Union, district set to begin fresh round of talks
The Chicago Teachers Union and the school board are set to begin a fresh round of contract talks that will take place as the school district readies a budget that...