Chicago's $5.1 billion school budget would use $100 million in reserves

TheChicago school system's proposed $5.1 billion budget calls for dipping into the district's reserves by $100 million, cutting hundreds of non-classroom jobs and streamlining bus routes in a move that could mean new start times at up to 72 schools. The plan would increase spending by 4.3 percent compared with last year; most of the boost is attributed to a 4 percent teacher pay hike. To read The Chicago Tribune article, click here.