Alders want to be included in Mayor Brandon Johnson's plan to cover $175M budget shortfall from Chicago Public Schools pensions
Share this @internewscast.com

CHICAGO (WLS) — Chicago Mayor Brandon Johnson remains vague about how the city will cover a $175 million budget hole before the end of the month. The shortfall stems from the expected failure by CPS to reimburse the city for a pension payment.

Some Chicago City Council members are pushing the mayor to include them in the process.

If Chicago Public Schools do not repay that pension payment, the city will wind up the fiscal year on March 31 $175 million in the hole, and the mayor still isn’t saying how he will address that shortfall.

ABC7 Chicago is now streaming 24/7. Click here to watch

Mayor Johnson wielded a sledgehammer at a ground breaking announcement Thursday for new housing in a Loop office building. However, he will need a better tool to address a budget shortfall of $175 million if CPS does not repay the pension money before the end of the month.

“Yea, well first of all I’m going to manage it, because that’s what leadership requires,” Johnson said.

But how the Mayor will manage it is a concern to many city council members. Eighteen have now signed a letter to the mayor calling for council authorization of any funding changes, instead of unilateral action by the mayor’s budget team.

“To say that he’s going to manage it, because that’s what he’s elected to do, isn’t enough,” 15th Ward Ald. Ray Lopez said. “We are the ones who appropriate the budget. We are the ones who take his word at the revenue projections and the expenditures. And now we have a problem, and we need to all get in the room and figure out how we’re going to move forward.”

RELATED | CPS Board delays vote on amended budget, pension payment; CTU accuses CPS of stalling contract talks

The mayor is saying that without a payment from CPS, everything is on the table to address the shortfall.

“I’m going to continue to work with my budget and finance team,” Johnson said. “We’re going to work with city council. I’ve had to manage these crises before. The fact of the matter, though, is is that we have these district entanglements with the school district and the Chicago Public Schools that we have to unravel.”

Alders want one of the mayor’s Springfield priorities to be getting lawmakers to formally move the city’s pension payment obligation to CPS.

“That should be priority number one, getting us out of this bind moving forward, so that we’re not having this annual financial crisis as to whether or not our newly elected partners over at the Board of Education are going to make good on the payment that they owe the citizens of the city of Chicago,” Ald. Lopez said.

So far, the mayor has not responded to the aldermanic letter, and time is running out to find a solution to the pension payment predicament.

Copyright © 2025 WLS-TV. All Rights Reserved.

Share this @internewscast.com
You May Also Like

Val Kilmer’s Family Releases Heartfelt Statement Following His Passing at 65

Val Kilmer’s family have broken their silence over his tragic death at…

Michigan Couple Returns to U.S. After Being Detained for a Month in Mexico Over Timeshare Dispute

A Michigan couple who were jailed in Mexico for almost a month…

Investigation into Town Police in Karen Read Case Shows No Evidence of ‘Conspiracy to Frame’ Deceased Officer’s Girlfriend

An independent agency concluded there was no evidence of a cover-up by…

Elderly women over 85 share their experiences in competitive tennis

PELHAM, Ala. (WIAT) – The National Women’s Singles and Doubles Tennis Championships…

I was a 44-year-old virgin bride… on my wedding night, I discovered something startling that made sex impossible.

Having changed out of her wedding gown into delicate white lace lingerie,…

Minnesota Legislators Introduce Divisive Aid-in-Dying Legislation

This article covers the topic of suicide. If you or someone you…

Expats Seek Out Chinese Films on Big Screens in Foreign Lands

COLUMBIA, Md. – A group of Chinese people decided they wanted the…

ABC7 I-Team Assists Wynette Pleas in Securing Additional FEMA Funding for Roof and Basement Damage in West Pullman, Chicago

CHICAGO (WLS) — A West Pullman woman whose home was severely damaged…

Uvalde High School Coach Accused of Inappropriate Relations with Student, Authorities Report

UVALDE, Texas – A Uvalde High School coach was arrested for an…

Stellantis Halts Plant Operations in Mexico and Canada Over Tariff Issues

DETROIT — Stellantis is pausing production at two assembly plants in Canada and Mexico…

Education Department Warns School Districts of Potential Funding Cuts Due to DEI Policies

The Trump administration on Thursday threatened to pull federal funding from K-12…

La Grange Teacher, William Schaub from Naperville’s Neuqua Valley High School, Accused of Grooming and Sexually Abusing Student: Police Report

NAPERVILLE, Ill. (WLS) — A Naperville teacher is facing charges related to…