Chicago Board of Education Calls Special Board Meeting Regarding Budget Deficit Resulting From State Cuts in Education Funding and Delayed Payments
Chicago Board of Education members at a special board meeting Tuesday will consider several resolutions aimed at confronting the District’s fiscal crisis that has resulted from significant cuts in state funding and delayed payments of more than $400 million in state aid.
Board members will meet at 9:30 a.m. in their fifth floor chambers, 125 S. Clark. Public participation will be at approximately 10 a.m. for 30 minutes with comments restricted to matters on the agenda.
Board members will consider the following:
n A resolution delegating authority to the Chief Executive Officer to honorably terminate/discharge tenured and probationary appointed teachers who are displaced as a result of cost-saving measures being implemented to address financial necessities for the 2010-11 and 2011-12 school years. The resolution includes terminations/dismissals that result from increases in class size.
n A Board report giving the Chief Executive Officer the authority to increase class sizes up to 35 students per class if necessary.
n Resolutions concerning the Board’s ability to fund contractual wage and salary increases with CPS union members in fiscal year 2011.
n A resolution authorizing establishment of a line of credit of up to $800 million due to uncertainty in state funding as well as current and potential further delays in state payments.
Chicago Public Schools serves approximately 409,000 students in more than 670 schools. It is the third-largest school district in the nation.