It’s crunch time for CPS

Students line up for lunch at the Ariel Community Academy in Chicago, Tuesday, Feb. 12, 2008. The one-of-a-kind public elementary school was established in 1996 by the Chicago-based money management firm Ariel Capital Management. It promotes financial literacy and gives kid money to invest. (AP Photo/Charles Rex Arbogast)

Chicago Tribune CPS reporter Juan Perez Jr. stops in. Juan covers the Chicago Public Schools and we’ll discuss the latest in the swirling budget controversy over CPS and its battle over securing more state funding or closing early this year.