A change in state funding has caused Chicago Public Schools to lose almost $30 million in expected state money, representing yet another financial hit as district officials warn of ramifications in both the near and distant future.
In a surprise move Friday, the school district, Illinois’ largest by far, was dropped into the second tier of financial need — a move that comes with a corresponding reduction in funding. The change is due mostly to CPS losing enrollment and, specifically, students from low-income backgrounds.
