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Thursday, August 13, 2009

Chicago Public Schools still faces deficit

Chicago Public Schools has proposed a revamped budget after the Illinois state budget battle reduced the district's funds by $42 million.

Chief Executive Officer Ron Huberman said in a press release Wednesday that the school district still faces a deficit despite significant cuts.

According to the press release, school officials announced in March that they would have a nearly half-billion dollar deficit for the coming year.

Huberman says school officials made cuts by streamlining the Central Office while trying to maintain reasonable classroom sizes.

The school district has recommended a 1.5 percent property tax rate increase to the Chicago Board of Education.

Chicago Public schools is the third largest school district in the country.

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