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Chicago Public Schools

Chicago Public Schools
A collection of news and information related to Chicago Public Schools published by this site and its partners.

Top Chicago Public Schools Articles

Displaying items 23-33
  • CPS data error transmits wrong test scores

     CPS data error transmits wrong test scores
    Chicago Public Schools officials said Monday that the district last week sent incorrect test scores to 201 area private school students vying to attend the city's selective-enrollment schools and academic centers. An unspecified "data transfer error"...
  • Emanuel: Too late to recoup potential losses on CPS bonds

     Emanuel: Too late to recoup potential losses on CPS bonds
    Mayor Rahm Emanuel said Wednesday that it's too late to try to recoup any of the money from burdensome interest payments that Chicago Public Schools made after issuing risky auction-rate bonds. "There's a thing called a contract," he said. Other...
  • Chicago Public Schools: A teaching moment about risk

    Chicago Public Schools: A teaching moment about risk
    In recent years Chicago Public Schools joined the rest of the country in getting scorched by the Great Recession. It looks like the district got outplayed by its bankers too. "Borrowing Trouble," a three-part series by the Tribune's Jason Grotto and...
  • CPS must recover losses from toxic financial deals

    CPS must recover losses from toxic financial deals
    Two years ago Chicago Public Schools officials and Mayor Rahm Emanuel claimed they had to close more than 100 schools to save money. It turns out that the costs of the closings, along with the installation of countless Safe Passage routes to protect...
  • Banks kept CPS in shaky bond market

    Banks kept CPS in shaky bond market
    As investors across the country grew disenchanted with the risky auction-rate bond market in summer 2007, Bank of America officials became concerned that more trouble might lie ahead. Auction-rate securities had been richly rewarding for BofA and...
  • How's your school doing?

    How's your school doing?
    Illinois schools no longer are labeled as failures or successes based on standardized test scores, as they were under the federal No Child Left Behind Act. Schools now will be judged on a powerful set of measures that help parents and teachers know if...
  • How the Tribune analyzed CPS' bond deals

    How the Tribune analyzed CPS' bond deals
    When Chicago Public Schools officials embraced auction-rate borrowing over traditional fixed-rate bonds, their goal was to save money for the financially strapped district. From 2003 through 2007, the district issued auction-rate bonds four times,...
  • Risky bonds prove costly for Chicago Public Schools

    Risky bonds prove costly for Chicago Public Schools
    Fresh from the world of high-stakes trading, David Vitale arrived at Chicago Public Schools a decade ago with a plan to transform the way it borrowed money. With the district thirsty for cheap cash, plain old municipal bonds weren't good enough anymore,...
  • Illinois lawmakers opened door to risky CPS bond deals

    Illinois lawmakers opened door to risky CPS bond deals
    The legislation paving the way for Chicago Public Schools to issue $1 billion in risky debt arrived on the Senate floor with little explanation. The sponsor, Sen. John Cullerton, told fellow lawmakers that his grasp of the bill was limited. "I hope...
  • CPS resisted sharing financial data with public

    CPS resisted sharing financial data with public
    Chicago Public Schools' spending is financed by taxpayer dollars, but it took months of effort by Tribune reporters and attorneys to obtain details about the district's borrowing history and how much it spends in interest on its massive debts. The...
  • Cash-strapped Chicago schools eager for more sponsorship deals

    Strapped for cash, Chicago Public Schools said Friday it's looking for a company to line up revenue-generating sponsorship deals that could include naming rights for stadiums, ball fields and auditoriums. The district on Tuesday will request proposals...