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FY13 CPS Budget Briefing

FY13 CPS Budget Briefing



Presentation to the Chicago Board of Education, March 28th 2012.

Presentation to the Chicago Board of Education, March 28th 2012.



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  • Figures for 2013 to 2015 are estimates (Plus or minus $50M) due to uncertainty around revenue and ongoing labor negotiationsNeed facts regarding revenue/expenses FY96-FY05 Historical revenue growth came from strong state and local tax revenues - good economy Despite challenges elsewhere in Chicago, neither the city nor other agencies face this huge challenge. (need to confirm)
  • CPS receives 34.4% of revenue from state L.A.  gets 58.9% of revenue from stateN.Y. gets 43% of revenue from state
  • -Will add what the $355 million is equivalent to from a program perspective (ie how many IB schools and State Contribution $65; $75; $10No other district in StateFunded ratio:2002= 96.3%2003= 92%2004=85.8%2005=79%2006=78%2007=80.4%2008=79.7%2009=73.6%2010=67.1% 2011=59.9%
  • Many districts do contribute to pension, but not responsible for total like Chicago & NYCUnderfunded liability per pupil for both NYC & Chicago exceeds annual spending! Chicago equals $13,000 per pupilNYC does have burden, and it’s huge, but their revenue is 50% higher (per pupil) and low debt service
  • Debt Service Set –Aside means that amount we have to contribute to our debt service funds that fiscal year for payment on our bonds.
  • This slide probably needs to go to two slides, and needs some compelling languageOver $100M in operation/cental office cuts Changes need in way we manage facilities to keep money focused on stude learning Vetting 90 different options affecting programs and schools to minimize impact on student learning Key goal is to change way principals budget Give them more flexibility. $___M that was controlled centrally now devolved to schools Hope to release __% more for instruction than this year’s budget-Capital reduction to less than $100M force tough decisions
  • Noemi will present this slide
  • Highlight review of contractual and operations, etcStart conversation about internal review of ending status quo way of treating schools without going into specifics
  • Status quo is not working!

FY13 CPS Budget Briefing FY13 CPS Budget Briefing Presentation Transcript