It remains unclear where the additional funds would come from. The $55.9 billion spending plan Pritzker signed into law in June, which relies on hundreds of millions of dollars in tax hikes to bring it into balance, leaves little wiggle room.

The Chicago Board of Education on Thursday passed an approximately $10 billion budget after hours of contentious debate, a lengthy recess, sharp questions over revenue assumptions and a last-minute amendment.

CPS CEO Macquline King joined “Chicago Tonight” to discuss her revised budget and why she thinks board members should pass it. 

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.

Mayor Brandon Johnson — who campaigned on promises to transform CPS into a school district that offers a well-rounded education to every Chicago child and security to its employees — is caught in another bruising political battle that has, once again, frustrated his allies and emboldened his critics.

No current or former members of the Chicago Board of Education attended Wednesday's marathon session of the City Council’s Education Committee, even after some City Council members threatened to hit them with subpoenas to require them to appear.

CPS CEO Pedro Martinez said during an appearance on WTTW News’ “Chicago Tonight” he has repeatedly urged the mayor to use funds from the city’s TIF districts instead of borrowing money or making cuts to classrooms.

“I’m not going to cut, and take away, layoff, fire, privatize so that other people can benefit, and the people of Chicago can lose,” Mayor Brandon Johnson said. “Not under my watch.”

During the past week, CPS CEO Pedro Martinez has written three times to parents, staff and students, and in each letter, he has promised that he will not close any schools while at the helm of CPS, even as he acknowledged compiling a list of schools that could be closed as part of an effort to compile a five-year strategic plan.

A spokesperson for Mayor Brandon Johnson declined to comment on whether he had asked CPS CEO Pedro Martinez to resign, citing the mayor’s policy of not commenting on personnel matters. A spokesperson for Martinez declined to comment.

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.

Have decades of budgetary tricks and rising pension costs made bankruptcy inevitable for the city of Chicago as well as its public school system? We debate the issue.

The first full day of summer also marks the last day of the school year for Chicago Public School students. How stormy will their summers be as the district tries to weather its financial crisis?

Illinois is about to enter a staggering second year without an agreed-upon state budget. We talk with lawmakers about what happens next.

The day after Chicago Public Schools CEO Forrest Claypool warned that schools may not open in September, the Chicago Teachers Union weighed in, calling Claypool's leadership a failure. We hear arguments from both sides.

Republican Gov. Bruce Rauner blasts Democrats for failing to pass a budget before the end of the spring legislative session. Where does Illinois go from here?