CHICAGO — The Chicago Board of Education is expected to approve on Wednesday a nearly $6 billion budget that counts on $500 million in unguaranteed state funding.
The school board’s vice president issued a strong warning to Governor Rauner and lawmakers, saying that money is a ‘must’ and not an option.
The governor says the state will not bail out CPS, and the school board should consider bankruptcy.
About 100 teachers and parents protested against the budget outside CPS.
The budget doesn’t address the district’s one billion dollar debt, pension crisis, or junk bond status.
It also includes $200 million in cuts, 1,500 layoffs and a property tax hike of around $19 million.
“They’re playing roulette right now with the schools,” said Chicago Teachers Union Vice President Jesse Sharkey.
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