CPS CEO Pedro Martinez wants City Council to support his request for TIF funds, property tax increases to provide another $1B for a short term solution to CPS financial difficulties
Photo byKen Lund/flickr [CC BY-SA 2.0}
CHICAGO – During a tense five-hour meeting of the Committee on Education and Child Development, Chicago Public Schools (CPS) CEO Pedro Martinez pushed for a $500 million infusion from Tax Increment Financing (TIF) funds to address the district’s mounting financial crisis. His proposal, alongside Mayor Brandon Johnson’s call for a property tax increase to support CPS, sparked intense opposition from several aldermen.…