Chicago Public Schools FY2024 Proposed Budget: Analysis and Recommendations – Civic Federation

June 29, 2023

The CPS budget of $9.8 billion for the coming year is stable due to a combination of federal COVID-19 relief funds and local tax sources, including a property tax increase to the maximum allowed under the state tax cap law. However, CPS faces a fiscal cliff of $628 million beginning in FY2026 after federal relief funds are spent.

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