July 8, 2015
Jesse Ruiz, CEO of the Chicago Public Schools
Stories this photo appears in:
CPS to Cut 1,400 Staff Positions
Following $634 Million Pension Payment
Following interim CEO of the Chicago Public Schools (CPS), Jesse Ruiz’s statement last Wednesday announcing that CPS will make $200 million in cuts and layoff 1,400 CPS staffers, a result of the school district’s difficulty making a $634 million pension payment and its $1.1 billion budget deficit, Chicago Mayor Rahm Emanuel laid out a plan he says Springfield should follow to create a more equitable funding formula for Illinois school districts.