CPS to give $8M from $55M TIF surplus to charter schools

As special education advocates pleaded for enough money to serve their students, Chicago Public Schools officials said Monday they’ll send charter schools $8 million in surplus tax increment financing money — part of $55 million released to pay for the new teachers’ contract.

That’s what the district, which is still banking on $215 million in conditional aid from the state to pay for its pensions, announced at a new round of budget hearings necessitated by $55 million in changes to the school system’s operating budget.

http://chicago.suntimes.com/news/cps-to-give-give-8m-in-tif-money-to-charter-schools/