COVID-19 has cost the district more than $42 million to date. Now facing a massive budget gap, Treasurer Jennifer Wagner said they may have to reduce their budget by $38 million.
The estimate for money saved by reducing staff is $6.2 million, but the district could reduce staff further to save up to $24 million. This year’s school budget is limited to $644 million. However, CPS is currently more than $43 million over budget.