CHICAGO (WLS) — The Chicago Public Schools board has voted to approve a $175 million pension payment to the city.<\/p>\n
In a special board meeting Thursday, there was a unanimous vote in favor of the payment.<\/p>\n
ABC7 Chicago is now streaming 24\/7. Click here to watch<\/a><\/p>\n Thursday’s decision comes after the Chicago Board of Education approved a balanced CPS budget<\/a> in August, closing a $730 million shortfall.<\/p>\n A battle had been brewing<\/a> over whether Chicago Public Schools or the city was responsible for the $175 million pension payment.<\/p>\n The pension fund includes CPS and city employees. State law requires the city to pay for it, but the city faces it own budget deficit.<\/p>\n After presenting his city budget proposal<\/a> earlier this month, Chicago Mayor Brandon Johnson spoke with ABC7<\/a> and defended his plan to sweep a billion dollars in Tax Increment Financing (TIF) funds, more than half of which would to Chicago Public Schools.<\/p>\n “A TIF surplus goes to our City Colleges; it goes to our parks, goes to our libraries,” Johnson said. “Because that’s the way the law is designed, and so investing in CPS, that’s a good thing, right? And so what I’m simply saying is that I know that there are people who are thirsty to make it about the Chicago Teachers Union. They’re short-sighted; they are short-sighted because the larger, bigger picture ensures that not just our public schools are fully supported at a time in which President Trump is attacking public education.”<\/p>\n This is a developing story.<\/p>\n Copyright \u00a9 2025 WLS-TV. All Rights Reserved.<\/p>\n","protected":false},"excerpt":{"rendered":"CHICAGO (WLS) — The Chicago Public Schools board has voted to approve a $175 million pension payment to…\n","protected":false},"author":3,"featured_media":344739,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5124],"tags":[169573,20174,960,24969,5462,16742,42123,70552,169569,75639,169572,5386,1818,169570,169571],"class_list":{"0":"post-344738","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-chicago","8":"tag-169573","9":"tag-brandon-johnson","10":"tag-chicago","11":"tag-chicago-mayor","12":"tag-chicago-news","13":"tag-chicago-public-schools","14":"tag-chicago-teachers-union","15":"tag-cps-budget","16":"tag-cps-ceo","17":"tag-cps-school","18":"tag-ctu-president","19":"tag-il","20":"tag-illinois","21":"tag-macquline-king","22":"tag-stacy-davis-gates"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115466856386604072","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/344738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=344738"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/344738\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/344739"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=344738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=344738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=344738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}