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Chicago Schools Face $10B Budget Crisis | Chicago News
Description
Chicago Public Schools faces a $10 billion budget crisis that could lead to 1,600 teacher and staff layoffs—just as the new school year looms. With a $700 million shortfall, the district is scrambling to secure loans and tax financing, but the Chicago Teachers Union is demanding more time to avoid a potential shutdown. The CEO warns without approval, payroll could collapse, while the union vows to fight for changes before the August 31 deadline.
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