With a Thursday vote looming on the next Chicago Public Schools budget, a revised proposal from the district looks to avoid furloughs to close its $732 million deficit, but still leaves 1,601 layoffs on the table — including 759 teachers.

CPS CEO Macquline King unveiled a proposed $9.88 billion budget to close the district’s funding gap. The plan calls for $200 million in TIF funding, the layoff of 760 teachers and 801 support staff, and five unpaid furlough days for CPS employees.

With a vote next week scheduled on Chicago Public Schools’ $9.88 billion budget plan, members of the city’s Board of Education on Monday shared concerns over proposed cuts, a lack of state funding and their voting timeline.

District officials on Wednesday outlined their $9.88 billion budget proposal for the 2027 fiscal year, as they combat “serious financial challenges” including declining enrollment and revenue and greater student need.

There are 51 total candidates who are currently set to appear on the November ballot for the at-large board president position and 20 board seats that are up for grabs, according to Chicago elections officials, after Tuesday marked the end of the candidate filing period.

Members of Chicago’s Board of Education are calling on state lawmakers to step up funding for Chicago Public Schools as the cash-strapped district faces impending staff cuts to fill a $732 million budget gap.

The announcement comes after a push by the CTU and some Board of Education members to close schools and allow for demonstrations on the annual labor holiday.

Mayor Brandon Johnson, representatives from the Chicago Teachers Union and some Chicago Board of Education members have been petitioning to exempt CPS students and teachers on May 1, allowing them to participate in local demonstrations.

Federal prosecutors charged Tim King, 59, in a three-count indictment accusing him of misusing Urban Prep funds to cover his own personal credit card expenses and then attempting to cover up that theft through falsified documents.

For decades, Chicago’s Board of Education has been the only one in Illinois handpicked by the city’s mayor. And for just as long, education advocates have called for that board to be an elected body, representative of Chicago’s diverse residents. This fall, those advocates will get their wish.

In a social media post, Jennifer Custer said she voted against Macquline King “because I listened closely to the voices of my community — parents, principals, and rank-and-file educators — who consistently raised serious questions about the direction of the district under this leadership.”

Macquline King will officially drop the interim tag from her title as Chicago Public Schools CEO after the city’s Board of Education voted to make her the district’s next permanent leader.

Chicago’s Board of Education is set to vote on King's appointment as full-time CEO during a special board meeting Monday morning. If approved, King’s $380,000-per-year contract would take effect July 1.

King is joined on the list of finalists by former New York City Public Schools Chancellor Meisha Porter and Sito Narcisse, who previously led the East Baton Rouge Parish school district in Louisiana.

Olga Bautista, who serves as vice president of Chicago’s Board of Education following her appointment by Mayor Brandon Johnson, is resigning her position, she announced Wednesday.

CPS classes for K-12 students in the 2026-27 academic year will begin Aug. 24 and end June 11. The following year, they’ll begin Aug. 23 and run through June 9.