September 10, 2012

Chicago Public Schools Strike

I noticed this line in this story.  

A $5.73 billion budget for 2012-13 emptied cash reserves to cover a $665 million deficit, and the school board also increased its share of the Cook County property tax by as much as the law allows.  

Couple key parts:

  1. 665 million dollar deficit
  2. emptied cash reserves
  3. increased property taxes as much as possible

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