Mayor Brandon Johnson’s budget proposal includes a gift for Chicago Public Schools: He is recommending that the city take an unprecedented amount out of special taxing districts so CPS can cover its costs and send some cash back to the city to help it end the year in the black.
With the school district facing funding cuts from President Donald Trump’s administration, Johnson was compelled to try to find as much money as possible for the school district, according to a source in the mayor’s office.
Johnson will unveil the city’s budget Thursday and, at that time, it will become clear how much he will pull out of the special taxing districts, called TIFs. But sources say it will provide CPS the $379 million it counted on in its budget, plus $8 million that the federal government recently s