CHICAGO (WLS) — There will be a City Council committee meeting on the Chicago Public Schools budget Wednesday at City Hall.
CPS CEO Pedro Martinez will speak before Council members in an Education Committee hearing to discuss the district’s budget.
CPS CEO Pedro Martinez will speak before the Chicago City Council Education Committee on the district’s budget Wednesday.
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Martinez said there has been a plan in place for months to use the city’s Tax Increment Financing, or TIF, surplus dollars to help fund CPS. Martinez said there was a formal ask for $462 million in TIF funding to pay for pensions and union contracts, including one for the teachers union, that included 4% raises.
Mayor Brandon Johnson wants the district to take out a high-interest loan to help pay for a new teachers union contract, which Martinez and the outgoing school board members …