CPS deficit is over $200 million more than previously reported

The interim CEO of Chicago Public Schools said the district’s budget deficit is $734 million, more than $200 million more than previously reported.

Macqueline King made the announcement at a Thursday school board meeting.

Officials said the increase of $205 million from the previously reported $529 million is due to a $175 million payment to a city pension fund that covers some district staff…

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