Paul Vallas: Money-hungry CTU forces a fiscal, student achievement crisis – Illinois Policy

"The district is projecting a $628 million budget deficit in 2025 when the COVID-19 relief funds run dry. It claims it only has 75% of the public funding it needs to adequately serve its students. That’s a staggering $1.4 billion budget shortfall. The district also claims it has $14 billion in capital needs. The district already spends money less than efficiently. CPS spends nearly $30,000 per student and receives nearly 56% of all Chicagoans’ property taxes, 25% of all state K-12 funding and 40% of all the federal COVID-19 relief funding for Illinois’ public elementary and high schools."