City Treasurer Proposes Abolishing $57M Catalyst Fund to Avert Midyear Layoffs – Chicago Sun-Times

CPS looks to reverse layoffs, but says $100 million won’t be enough

Chicago Public Schools leaders are moving to reverse layoffs — as directed by school board members aligned with the Chicago Teachers Union.

City treasurer proposes abolishing $57M Catalyst Fund to avert midyear layoffs – Chicago Sun-Times

The fund was included in then-Mayor Rahm Emanuel’s 2017 budget as a way to bridge the funding gap between Downtown and the rest of the city. But the fund never generated a penny of outside investments.

City treasurer proposes abolishing $57M Catalyst Fund to avert midyear layoffs

The fund was included in then-Mayor Rahm Emanuel's 2017 budget as a way to bridge the funding gap between Downtown and the rest of the city. But the fund never generated a penny of outside investments.