It's either their way or else! If Springfield fails to deliver $500 million in pension reform that Chicago Public Schools is counting on to balance its books, new CEO Forrest Claypool said he doesn’t have a Plan B.Class sizes could go up during the second semester and more staff could be laid off, Claypool told the Chicago Sun-Times on Tuesday. Show More Summary
New Chicago Public Schools CEO Forrest Claypool on Tuesday repeated the district's plea for help from the state and said he is preparing a budget that will "buy time" until a deal can be reached.
Chicago's privately run charter schools, told in July they'd initially receive as little as 15 percent of first quarter funding, have now received the full amount from Chicago Public Schools, the head of the state's charter school organizing group said Monday.
Chicago Public Schools has launched an effort to give its best principals more independence in an initiative hinted at by Mayor Rahm Emanuel during the run-up to his re-election.
At the recent Aspen Critical Issues & Risk Forum -- convened by Edelman, the University of Chicago's Harris School of Public Policy and Cambridge University's Centre for Risk Studies -- participants delved into the implications for board directors of the perilous increase in corporate risk. Show More Summary
Chicago Public Schools has changed the bell schedules at 82 schools in a move the district says will save $13.5 million by reducing transportation costs.
This week has brought more grim news for Chicago taxpayers. Fitch Ratings on Monday downgraded the debt of Chicago Public Schools to junk status.
Crowded rush hour trains and buses are about to get more crowded—with children—now that Chicago Public Schools are throwing students into the good ole 9-5 schedule. [ more › ]
A second financial ratings agency has downgraded Chicago Public Schools' debt rating to junk status, reinforcing Wall Street's dim view of the district's finances.
Mayor Rahm Emanuel has warned Chicago homeowners that property tax bills could "explode" without budget relief from Springfield. The Chicago Public Schools are facing massive budget cuts that would force hundreds of layoffs. Residents across the city are paying higher fees for water, vehicle stickers,...
Chicago Teachers Union and charter school reps protested the school budget cuts Wednesday as Chicago Public Schools board struggles over $1.2 billion bond deficit. [ more › ]
Chicago Public Schools' top attorney said Wednesday that the district is in talks with financial institutions over its outstanding debt, even as the school board was set to vote on the issuance of more than $1 billion in long-term bonds.
Hundreds of teachers and support staff assigned to students with disabilities could be laid off by Chicago Public Schools as the district cuts $200 million to deal with a massive budget deficit.
Although Senn High School isn't in Uptown, it is attended by students living in Uptown. Ald. Osterman sent out an email blast Monday regarding a change in the administration of the school: "Dear Neighbor, On Friday, Chicago Public Schools removed Susan Lofton as principal of Senn High School. Show More Summary
CHICAGO, July 20 (Reuters) - Chicago Public Schools on Monday proposed selling up to $1.16 billion of bonds despite the district's falling credit ratings, big budget deficit and lack of an approved plan to ease escalating pension costs. The...Show More Summary
With less than two months until school starts and a massive hole in the Chicago Public Schools budget, officials are planning as much as $1.16 billion in long-term borrowing.
Chicago Public Schools, a generation ago condemned as the worst in the nation, was hailed by Mayor Rahm Emanuel this week as "leading the country in urban school systems on graduation and growth."
Chicago public schools are effectively bankrupt. Its pension plans are countless billions of dollars in the hole, the worst in the nation. And Chicago bonds carry a junk rating, the worst of any major US city.There is plenty to fix.Show More Summary
A Chicago-born product of the city's public schools, Janice Jackson grew up one of five children who were regularly drilled on the importance of education by their parents.
Chicago Teachers Union head Karen Lewis said she warned Forrest Claypool, just appointed the public schools CEO, not to take the CPS gig. [ more › ]