Breaking News Bar
updated: 1/28/2013 9:12 PM

Union leader says Chicago schools have fake fiscal crisis

Success - Article sent! close
  • Karen Lewis, president of the Chicago Teachers Union

      Karen Lewis, president of the Chicago Teachers Union
    Associated Press file photo

Associated Press

The Chicago Teachers Union says an audited budget for the last school year showing an extra $344 million indicates the city's school district has manufactured a fiscal crisis.

However, Chicago Public Schools officials say the money is budgeted for the current school year. They say the money appears on last year's books thanks to Cook County sending out property tax bills on time for a change.

The Chicago Sun-Times reported union President Karen Lewis contends the school district always understates revenue while over-projecting spending. She says months after the budget is drafted, the final audited versions typically show a smaller financial hole.

CPS spokeswoman Becky Carroll says the $344 million turned up because of early payments by the state and county governments. The district projects a $700 million deficit.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.