Like other school districts across the country, Chicago Public Schools is decrying a budget crisis that could lead to the closure of dozens of schools across the city. However, after a recent audit found a surplus in the district鈥檚 budget, some are accusing district officials and the mayor鈥檚 office of crying wolf. In fact, recent news about potential budget surpluses has fueled the fire over proposed school closures and sparked more protests by teachers, parents, community members, and the local teachers鈥 union.
This video reports on a CPS budget crisis.
Does Budget Surplus Suggest Fuzzy Math?
Officials of Chicago Public Schools continue to assert that a billion-dollar deficit in the district鈥檚 budget is fueling plans to close public schools across the city. However, reports that in the midst of discussions on school closures, a recent audit has discovered that instead of a deficit in the Chicago Public Schools budget, a surplus of $334 million was recorded! The district responded that the money came from early payments from the state and county. Other sources claim that the money is a combination of underestimating revenue for the year and underspending.
Truthout further claims that this is not the first time Chicago Public Schools has 鈥減layed鈥 with the budget numbers. The previous year, the district estimated it would suffer a budget deficit of $245 million. The district instead reported a surplus of $316
