Budget gaps for 2026 and 2027 are projected to cost more than $500 million.
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Chicago Tribune

Report: CPS on the ‘financial brink,’ state takeover not out of the question

The new Chicago Board of Education being seated Wednesday — the first to have elected members — will stare down a district on the financial brink: an imbalanced budget, rising costs, falling student headcount, a long list of infrastructure needs and steep debt and pension liabilities.

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