Chicago Public Schools Fiscal Year 2015 Budget

How to use this site

Users will be able to find documents and use interactive tools to help them better understand the proposed CPS budget for fiscal year 2015. The interactive features allow users to easily click through the budget, drilling into specific budget line details or staying at a high level overview of the District.

Users can view a number of areas of the budget including revenue and debt while also looking at every CPS school and department. Each interactive report generates graphs and charts which will make budget comparisons visual and easier to understand.

Check out our Reader's Guide for more information.

Download your own copy of the FY15 Budget Book Summary.

CPS received the GFOA Distinguished Budget Presentation Award for our FY2014 online budget site.

Dear Friends and Colleagues,

Despite continuing financial challenges, the Chicago Public Schools FY 2015 budget makes considerable investments in our schools, ensuring that our goal of providing all students with a high-quality education remains absolute.

The vast majority of the FY 2015 budget is directed toward schools. This year, we have been able to invest more in our students by increasing the Student Based Budgeting (SBB) core instruction per pupil rate by $250. These additional funds will help our schools to sustain and accelerate student growth.

The FY 2015 budget makes further investments in a variety of key areas that drive student achievement. These include STEM and IB programs, social emotional learning, dual credit and dual enrollment programs, a comprehensive Arts Education Plan, and Safe Passage, which helps our students focus on their studies rather than their safety.

This budget follows through on our commitment to provide every child from every community with the high-quality education they deserve; however, we do so under a serious financial strain. To keep budget cuts away from the classroom, we have streamlined our administrative costs, reducing Central Office and other operational spending by $740 million since 2011. This year, we will also extend the District’s revenue recognition period – a one-time fix that will allow us to close the FY 2015 budget gap, but does not address our underlying fiscal challenges.

The District continues to face dire fiscal concerns in the coming years, including a nearly $1 billion deficit driven in large part by skyrocketing pension costs. Pension reform remains critical to our long-term financial future, as does increased education funding from the State. As a school community, we must work with our elected officials to address these issues, protecting the academic gains our students have made while laying a strong foundation for future growth.

With its significant improvements to our schools, programs and facilities, I am confident that the FY 2015 budget will benefit students in every area of the city. I thank our principals, teachers, families and community members for their support, and for their unfailing commitment to Chicago’s next generation of leaders.

Sincerely,

Public Hearings on Proposed FY15 Budget

Public Hearing on Proposed FY15 Budget

Wednesday, July 16, 2014

Registration: 5:00pm - 6:00pm

Hearing: 6:00 - 8:00pm

Where:

Wilbur Wright College
Events Building Theater
4300 N. Narragansett
Wilbur Wright - Transcript

Public Hearing on Proposed FY15 Budget

Wednesday, July 16, 2014

Registration: 5:00pm - 6:00pm

Hearing: 6:00 - 8:00pm

Where:

Kennedy King College
Theater
740 West 63rd Street
Kennedy King - Transcript

Public Hearing on Proposed FY15 Budget

Wednesday, July 16, 2014

Registration: 5:00pm - 6:00pm

Hearing: 6:00 - 8:00pm

Where:

Malcolm X College
Theater
1900 West Van Buren
Malcolm X - Transcript

Last modified: July 22, 2014

Page Last Modified on Thursday, August 28, 2014