Trend Results : Chicago Public Schools

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Typical - No Backup Plan

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 schools chief calls for teacher concessions

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.

Official: Chicago charter schools get full CPS payment, not just 15 percent

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.

CPS announces incentive program for school principals

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.

Building Trust: Effective Board Governance in Times of Public Scrutiny

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 to change start times at 82 schools

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.

Rated: Junk. More bad news for CPS

This week has brought more grim news for Chicago taxpayers. Fitch Ratings on Monday downgraded the debt of Chicago Public Schools to junk status.

CTA Rush Hour Could Become Even More Awful Thanks To CPS Cuts

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 › ]

Another ratings agency downgrades CPS' debt to junk status

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.

Investors see golden opportunity in Chicago's budget woes

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,...

Extra Extra: Teachers Union, Charters Protest CPS Budget Cuts

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 › ]

CPS in talks with financial institutions over debt

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.

CPS stands to lose hundreds of special education positions

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.

Senn High School Principal Removed By CPS

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 Public Schools Propose Selling 1.16 Million In Bonds

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

CPS looks to take on more than $1 billion in long-term debt

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.

Rahm Emanuel tries to get it right on tumultuous schools, again

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."

Emanuel Fiddles While Chicago Burns; Public Schools Over the Edge; 9% Cloud Tax on Data Streaming; Emanuel Eyes Property Tax Hikes

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

Chicago Public Schools names top education leader

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.

Extra Extra: 'Run, Forrest' Says CTU's Karen Lewis Of Claypool CPS Appointment

Chicago Teachers Union head Karen Lewis said she warned Forrest Claypool, just appointed the public schools CEO, not to take the CPS gig. [ more › ]

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