CPS projected to end school year with $45M deficit as budget challenges persist – Chicago Sun-Times

Chicago Board of Education President Sean Harden speaks during a board meeting at Chicago Public Schools headquarters in the Loop, Monday, March 30, 2026.The $2.8 billion in federal emergency funding that CPS received starting in 2020 helped mask continued structural funding problems.
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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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