CPS Faces a Cash Crunch, Mayor Touts Tourism to Muni Bond Analysts

The Daily Line
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In this week’s episode we talk about Chicago Public School’s dire financial situation. Officials at CPS briefed aldermen this week to tell them they expect to finish the school year with only enough cash on hand to cover one-and-a-half days of operations. Meanwhile, the Chicago Teachers Union, still without a contract, announced $502 million in possible revenue ideas. And Mayor Emanuel gives a keynote address to the National Federation of Municipal Analysts.

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