The district expects its schools' budgets for the next school year to be smaller than the current year, in part because of projected decline in student enrollment and loss of federal funds.
Recently in School District Finances Category
July 21, 2017
April 28, 2017
The Chicago school district sued Illinois Gov. Bruce Rauner and the state board of education alleging that state school funding discriminated against Chicago's largely poor, Hispanic, and black students.
February 27, 2017
City education leaders say they may be forced to cut the school year short by nearly two weeks and take other drastic steps unless a judge acts to force the state to make up for millions of dollars in lost aid to Chicago's schools.
November 14, 2016
The seven-member school board in Franklin City, Va., resigned after the City Council asked the members to do so over questions of financial management.
October 27, 2016
The Chicago Sun-Times reports that the Chicago Board of Education approved borrowing nearly $1 billion for construction costs and to refinance high-interest debt.
August 25, 2016
The Chicago school district is relying on property tax hikes and $215 million in pledged financial assistance from the state.
August 19, 2016
The Detroit schools' lawyers said the protests were really teacher strikes, which are technically illegal under state law, and sought an injunction to immediately halt them.
July 25, 2016
Covering the cost of legal bills is just the latest helping hand the state has provided to the cash-strapped school system.
June 22, 2016
The package of bills will help Detroit schools pay off $467 million in operating debt and provide $150 million in start-up funding for a new debt-free district.
May 05, 2016
The Chicago Teachers' Union has proposed what it calls a "recovery package," which it says could raise about $502 million for the financially-beleaguered school district.