Chicago Public Schools’ new funding formula has impacted the district’s most selective schools due to an “equity-based' formula that prioritizes the district’s underfunded schools.
Chicago Public Schools’ new funding formula has reportedly impacted the district’s most selective and competitive schools. CPS officials in March voted on an 'equity-based' formula that prioritizes the district’s underfunded schools. School districts typically issue funding based on enrollment population.
CPS officials reportedly said back in December 2023 that they aren't looking to dismantle schools with selective enrollment like magnet and charter schools. However, that could happen if the community wants it, as officials plan to facilitate public comment to weigh in on issues over the next few months.
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