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Board approves tentative four‑year CTU contract and amends FY25 budget to fund first year
Summary
The Chicago Board of Education voted to approve a tentative four‑year collective bargaining agreement with the Chicago Teachers Union and adopted an amendment to the FY2025 budget to pay the agreement's first year, the board said at its April 24 meeting.
The Chicago Board of Education voted to approve and ratify a tentative four‑year collective bargaining agreement between the district and the Chicago Teachers Union on April 24 and adopted an amendment to the district's fiscal 2025 budget to fund the contract's first year.
Board materials and CEO remarks said the FY2025 amendment adds funds from Tax Increment Financing (TIF) surplus to appropriate the first year's costs; the amendment was described in the meeting as adding $139,000,000 of additional TIF surplus dollars. CEO Pedro Martinez told the board the district will use the budget amendment to cover the first year while continuing to pursue revenue strategies for later years.
Why it matters: The contract ends nearly a year of negotiations and is the…
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