Maligned CPS budgeting model has boosted funding equity in Chicago, research finds – WBEZ (Chicago)

Researchers with the Federal Reserve Bank of Chicago found that CPS’ student-based budgeting has actually led to greater equity across the school system, with more dollars flowing to elementary schools with mostly low-income students and fewer dollars going to the most affluent schools. The researchers also found that private fundraising by schools that serve the wealthiest students has undermined the equity gains somewhat by boosting revenue going to the most affluent schools.