CPS CEO Dr. Janice K. Jackson Issues Statement on SP's Improved Outlook for CPS

FOR IMMEDIATE RELEASE:
Monday, April 16, 2018

CHICAGO - Mayor Rahm Emanuel and CPS CEO Dr. Janice K. Jackson released the following statements after S&P revised the school district's GO Bond rating outlook to "positive":

“Seven years ago, we inherited a school district with shaky finances that struggled with legacy pension costs and today Chicago Public Schools is on much stronger financial ground because of our collective efforts – especially working with the General Assembly to pass historic school funding reform," said Mayor Emanuel. "More importantly, CPS’ improved finances mean that Chicago’s students can continue to make the kind of remarkable academic progress that Stanford University calls a national model.”

“CPS is on much stronger footing both financially and academically, thanks to hard work from our leaders to achieve historic education funding reform and to invest in students’ academic achievements," said CPS CEO Dr. Janice K. Jackson. "National academic experts at Stanford and the University of Chicago point to CPS as a national model for academic improvements, and we’re gratified that S&P just acknowledged that our financial outlook has improved, too. Looking ahead, improved finances mean that we can focus on our most important work: giving every child in every neighborhood a great education.”