What is the budget for Chicago Public Schools 2023?

This budget, which totals $9.4 billion, includes an increase of $243 million in school-based funding — for a total of more than $450 million in new funding for schools over the past two years.

What is the budget of Chicago public schools?

The Chicago Board of Education approved a flat $9.4 billion spending plan for the next school year on Wednesday — and warned of looming deficits as federal COVID money runs out. The 2024 budget is a fraction of a percent larger than last year's, and allocates roughly half — or $4.8 billion — directly to schools.

What is the budget for Chicago 2023?

The Chicago City Council approved Mayor Brandon Johnson's $16.6 billion 2023 spending plan on Wednesday after a debate shaped by an intense focus on the amount of money the city expects to spend on housing, feeding and caring for the men, women and children sent to Chicago from the southern border.

How are public schools funded in Chicago?

Chicago Public Schools (CPS) funding primarily comes from local and state sources, with state funding accounting for about 30% of CPS's budget. Since EBF came into existence, CPS has received nearly $300 million in additional state funding.

What is the revenue of Chicago public schools?

Finances at Chicago Public Schools

Chicago Public Schools spends $17,953 per student each year. It has an annual revenue of $6,933,320,000.

CPS Continues Investments in FY2024 School Budgets

What is the budget deficit for Chicago public schools?

The District is expecting to see a $391 million budget shortfall next fiscal year once the remaining $300 million of federal COVID relief dollars are spent. The District has received a total of $2.8 billion in COVID relief dollars since FY2021 and used $1.82 billion, or 65% of the funds through FY2023.

Are Chicago public schools funded by property taxes?

Each year, CPS levies property taxes to fund the operations of the public school system. The amount that CPS requests, through the Board of Education, cannot reflect an increase greater than the change in the Consumer Price Index (CPI) or 5 percent.

Who pays for Chicago public schools?

The bulk of funding we receive from the state is through evidence-based funding (EBF). The amount of EBF that each school district receives is based on a complex formula that considers the number of students, the special needs of the district, household income levels, and many other factors.

Are Chicago public schools any good?

Chicago Public Schools is an above average, public school district located in CHICAGO, IL. It has 329,836 students in grades PK, K-12 with a student-teacher ratio of 15 to 1.

What is the Chicago public schools scandal?

Chicago Board of Education Inspector General Will Fletcher reported 470 sexual complaints against Chicago Public School employees from students in 2022. The report details students being abused, groped, groomed, assaulted and threatened by school officials.

What is the budget proposal for Chicago in 2024?

Mayor Brandon Johnson's proposal to spend $16.6 billion in 2024 is set for a final vote after clearing two City Council committees with little opposition and no controversy.

How much is Chicago in debt?

TIA's Taxpayer Burden™ measurement incorporates all assets and liabilities, including retirement obligations. Chicago only has $13 billion of assets available to pay bills totaling $51.4 billion.

Where does Chicago public schools rank?

The top-ranked CPS high schools include: Walter Payton College Preparatory High School: 1st in Illinois and 9th nationally. Northside College Preparatory High School: 2nd in Illinois and 23rd nationally. Lane Technical College Preparatory High School: 3rd in Illinois and 69th nationally.

Is public school free in Chicago?

Illinois Traditional Public Schools

First off, you can choose traditional public schools. In Illinois, 81.1% of all K-12 students attend a traditional public school. They are operated by school districts, free to attend, open to all students, and funded by federal, state, and local government.

What is the biggest Chicago public school?

Lane Tech is the largest high school in the city with more than 4,200 students representing all races, creeds and national origins.

Who controls Chicago public schools?

The Chicago Board of Education, founded in 1840, is responsible for the governance, organizational and financial oversight of Chicago Public Schools (CPS), the third largest school district in the United States of America.

Is Uchicago one of the best schools in the world?

Rankings & ratings

University of Chicago is one of the top private universities in Chicago, United States. It is ranked #11 in QS World University Rankings 2024.

What is the hardest school to get into in Chicago?

What is the budget for Chicago Public Schools 2023 2024?

This budget, which totals $9.4 billion, includes an increase of $243 million in school-based funding — for a total of more than $450 million in new funding for schools over the past two years.

What perks do Chicago public school teachers get?

CPS also offers a comprehensive benefits package that includes health insurance, retirement plans, and paid time off. These benefits reflect the district's commitment to attracting and retaining top talent for teachers with long-term Chicago public school careers.

Is Chicago Public Schools a government agency?

As a unit of local government, CPS' sources of revenue are categorized by the level of government (local, state, and federal) that collects, distributes, or grants resources to the District.

Is the Chicago School a for profit school?

The Chicago School has been a leading nonprofit university for more than 40 years.

How much does Chicago spend per student?

CPS plans to spend $9.4 billion in the 2023 school year on 321,000 students. That comes out to $29,307 per student – a new record. Just four years ago the district spent $7.5 billion on an enrollment that was 40,000 students higher.

How are public schools funded in Illinois?

The major source of local revenue for public schools is the property tax. The property tax consists of: Real estate tax, which is a tax on the real property of homeowners and businesses. This tax represents the largest single source of revenue for Illinois public schools.