Tax and Budget

Analysis of Proposed FY2014 Chicago Public Schools Budget

Release: August 27, 2013

Despite an increase in spending, Chicago Public Schools is proposing to eliminate 1,520 instruction positions and draw down reserves to dangerous levels in its FY2014 proposed budget. This is, partly, because CPS has underfunded the Chicago Teachers' Pension Fund and there has been a decline in state funding to CPS. CTBA's Analysis of the FY2014 Chicago Public Schools Budget Proposal illustrates the challenges CPS faces today.

The Illinois Pension Funding Problem: Why It Matters

Release: November 20, 2006

An analysis of the five Illinois retirement systems finds that the state's worst-in-the-nation unfunded pension liability has grown by more than $7 billion in just the last two years.