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CPS staff say five furlough days, midyear freeze and $200M TIF assumption are last‑resort measures
Summary
Budget staff said the balanced FY27 proposal relies on three nonstructural measures—five furlough days (estimated $85M savings), a midyear spending freeze (~$112M) and a $200M TIF surplus assumption—describing them as 'measures of last resort' timed for second semester to preserve instructional days.
District budget staff described three additional measures meant to bridge the FY27 budget after structural reductions: an increased TIF surplus assumption of $200 million, five furlough days for all CPS employees (projected to save $85 million), and a districtwide midyear spending freeze (projected roughly $112 million).
"These are measures of last resort, and they are timed on purpose... beginning in second semester, in order to allow us time to continue pursuing additional revenue, while protecting instructional time," Acting Chief Budget Officer Emmy Lozoco said. Board members pressed staff on the assumptions: staff said avoiding the furloughs and midyear freeze would require about $400 million in TIF surplus instead of $200 million and that any unwind of these measures would depend on new revenue materializing. The presentation framed furloughs as intended to lower payroll without cancelling instructional days.
