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Chicago Public Schools Borrowing Millions to Fix Shortfall

Chicago Public Schools officials plan on borrowing $200 million to meet financial needs, followed by opening a credit line of up to $935 million.

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Credit: Illustration by Todd Wiseman, Brent Hoard/Elizabeth Albert

Chicago Public Schools officials plan on borrowing $200 million to meet financial needs, followed by opening a credit line of up to $935 million. Struggles among the district, state lawmakers and the teachers’ union continue as the district tries to work with decreased state funding and unmanageable pension costs. And budget cuts to classroom spending, officials say, are likely. (Chicago Tribune)

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