Nearly 20% of Chicago Public Schools will see their budgets flatline or drop in the fall, according to a proposal unveiled by district leaders Tuesday.
The district’s overall budget, which was $9.4 billion in 2023, will be essentially unchanged in 2024, with officials planning to spend an additional $150 million next year, mostly to add instructors in special education classes and in the “highest-need schools,” Chicago Public Schools CEO Pedro Martinez told reporters.
The budget for the 2024 fiscal year, unveiled about a month before Mayor-elect Brandon Johnson is set to take office, continues what the district calls student-based budgeting, which links most of a school’s budget to its enrollment by giving each school, on average, $12,743 for each student, according to the proposal.
Small schools considered under-enrolled by CPS officials will get $55 million as part of the 2024 budget to ensure they can offer robust programs, an increase of $5 million from 2023, officials said. Approximately 43% of each school’s budget will be tied to the number of students it enrolls, a reduction of 3% from the 2023 budget, according to the proposal.
The 2024 budget will continue setting aside $15 million to allow 131 schools on the South and the West sides to hire an additional counselor, as well as $45 million to offer teachers in many of those schools additional coaching and professional development, Martinez said.
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