Interim CPS CEO Macquline King on Budget Proposal, Borrowing and City Pensions – WTTW (Chicago)
While 11 school board members are pushing for the budget to include a pension payment or an optional loan if needed, King said the budget plan doesn’t include borrowing in the near future. “With the current budget, there is no need for an immediate loan,” King said. “However, we do recognize that in the event of an emergency, the district does have the ability and flexibility to borrow.”