How to fix the CPS fiscal mess | WBEZ
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Morning Shift

How to fix the CPS fiscal mess

Money is the top item on the agenda at Wednesday’s Chicago Board of Education meeting. With the public schools facing a billion-dollar shortfall, board members are convening to vote on two measures to head off a fiscal catastrophe. The first has to do with short term: a vote to authorize $200 million in new borrowing to get the district through the rest of June. The second is long term - or at least a little more long term – a vote to a billion-dollar line of credit to shore up the financials for another year. Better Government Association Senior Investigator Sarah Karp walks us through what happened at the meeting and helps us assess how CPS is doing when it comes to dollars and cents. (Flickr/Krzysztof Pacholak)

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