{"id":363287,"date":"2010-02-25T17:40:41","date_gmt":"2010-02-25T22:40:41","guid":{"rendered":"http:\/\/chicagopressrelease.com\/press-releases\/chicago-schools-ceo-projects-1-billion-deficit"},"modified":"2010-02-25T17:40:41","modified_gmt":"2010-02-25T22:40:41","slug":"chicago-schools-ceo-projects-1-billion-deficit","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/363287","title":{"rendered":"Chicago Schools CEO Projects $1 Billion Deficit"},"content":{"rendered":"

CHICAGO (CBS) <\/strong>\u2015 Chicago Public Schools CEO Ron Huberman said he foresees a 2011 shortfall of more than $1 billion.<\/p>\n

\nAt a news conference Thursday at CPS headquarters, 125 S. Clark St., Huberman said the current shortfall of $900 million does not factor in state funding cuts.<\/p>\n

\nIf state funding stayed at the same level, Huberman says the shortfall would be $900 million. However, with state education cuts projected, the CPS deficit for 2011 will be more than $1 billion.<\/p>\n

\nHuberman singled out pension obligations as a major financial problem, stating in a handout that pension obligations “are placing an enormous strain on our daily operating budget.”<\/p>\n

\nEven with cuts in such areas as transportation, sports and after-school programs, summer school, food service and all-day kindergarten, CPS would still be left with a “substantial 2011 deficit,” according to Huberman.<\/p>\n

\n“We are entering the next stage of this budget crisis \u2013 a stage where we must put everything on the table,” he said.<\/p>\n

\nIncreasing class size would not be enough to close the budget gap. <\/span>Boosting classes from 28 to 31 students would save $40 million, which is a fraction of what is needed, and would require layoffs of up to 600 teachers. Cutting all sports would save only $12 million, Huberman said. Even more drastic measures, like closing 100 schools, increasing class size to a whopping 45 students and laying off 4,000 teachers would not even cut the deficit by half, he said.<\/p>\n

\nHuberman also announced new cuts for the central office on Thursday. He said an additional $61 million will be cut from the fiscal year 2010 budget. This will require up to 500 additional staff reductions in the central office and citywide staff, on top of the 536 jobs that were previously eliminated.<\/p>\n

\nAlso, all non-union central office and citywide staff will have to take three weeks of furlough days.<\/p>\n

\nProgram and service cuts are still to be determined.<\/p>\n

\nCPS is the nation’s third largest school system, serving 408,000 students in more than 670 schools.<\/p>\n<\/p>\n

Read the original article from WBBM News Radio<\/a>.<\/p>\n

Distributed via Chicago Press Release Services<\/a><\/p>\n

<\/img><\/a>
\n<\/img><\/a><\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

CHICAGO (CBS) \u2015 Chicago Public Schools CEO Ron Huberman said he foresees a 2011 shortfall of more than $1 billion. At a news conference Thursday at CPS headquarters, 125 S. Clark St., Huberman said the current shortfall of $900 million does not factor in state funding cuts. If state funding stayed at the same level, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-363287","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/363287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=363287"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/363287\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=363287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=363287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=363287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}