Chicago schools find funds for 2015 budget hole

Published July 3, 2014 2:06am ET



CHICAGO (AP) — Chicago Public Schools officials say they’ve found a one-time revenue stream to plug a hole in its nearly $5.8 billion 2015 budget

Schools CEO Barbara Byrd-Bennett says the district will use $650 million of property tax revenue expected to arrive in August 2015 to fill the current fiscal year’s deficit of $876.3 million. The money will cover $647 million in pension requirements.

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