Chicago Public Schools is in a financial crunch as delayed Cook County property tax payments stall critical revenue, forcing the district to borrow at steep costs while battling a $700 million budget gap. With the school year looming and loans off the table without a finalized budget, CPS is urging immediate payment—every dollar saved on borrowing could go straight into classrooms. Meanwhile, school leaders like Jitu Brown blame deeper structural issues and call for a state special session to fully fund the district, but time is running out.
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