Statement from Mayor Emanuel, CPS Board President Clark and CPS CEO Jackson on S&P's Bond Rating Upgrade
26 July 2018
FOR IMMEDIATE RELEASE:
Thursday, July 26, 2018
CHICAGO - Mayor Rahm Emanuel, Chicago Board of Education President Frank Clark and CPS CEO Janice K. Jackson today released the following statement after S&P upgraded the district's bond rating from B stable to B+ stable:
“Following the passage of the district's latest budget, S&P’s upgrade affirms that CPS is on firmer financial footing and reinforces the confidence to invest in priorities like universal free pre-K for all 4 year-olds. As a result of the historic funding reform that our families, educators and elected officials worked so hard to achieve, we can invest more in the programs that are driving the unprecedented academic progress our students are making, especially STEM, IB and universal science labs. Our students deserve the absolute best, and we are committed to further strengthening our finances and our schools so that all families in every Chicago neighborhood can benefit."