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CPS CEO urges city to return TIF revenue as district faces $529 million structural deficit
Summary
Chicago Public Schools CEO Pedro Martinez told the Board of Education that CPS faces a $529 million structural deficit for FY26 and urged city and state officials to return Tax Increment Financing (TIF) funds to schools and pursue TIF reform to avoid cuts to classrooms.
Chicago Public Schools Chief Executive Officer Pedro Martinez told the Board of Education on May 29 that the district faces a structural deficit of $529 million for the 2025–26 school year and urged city and state leaders to close the gap without cutting classroom funding. Martinez repeated his call for returning Tax Increment Financing revenue to schools and for reform of the TIF system to provide sustainable school funding.
Martinez said CPS has identified $229 million in central-office…
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