CPS releases ‘keep afloat’ budget

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Posted August 6, 2007– Chicago Public Schools today released a $5.8 billion “keep afloat” budget that includes an additional $98 million in expected state aid and a 3-percent raise for teachers. School officials also plan to raise property taxes to the limit, generating about $55 million, and to use about $73 million in reserve funds, to fill a deficit of $165 million and increase educational programs by $60 million, according to Finance Chief Pedro Martinez.


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Q&A with Thomas E. Darden Jr.

As a young man growing up in Indianapolis, Thomas E. Darden Jr. remembers attending low-performing schools. But good teachers helped him succeed in school and helped spark an interest in public education. He talks about the importance of school leadership and how schools can get corporate support.