CHICAGO -- New CPS school budgets were unveiled Wednesday.
No new classroom cuts are being made but schools will still operate under last winter's reduction in the base amount schools are paid for each student.
The mid-semester cuts were expected to save the district $120 million next year.
There are also expected to be changes in how the district allocates money for special education.
CPS CEO Forrest Claypool said, "Just a few weeks ago, CPS faced the real prospect of unavoidable, devastating cuts. Thankfully, those cuts are off the table. We will continue to tighten our belts, but thanks to the collaborative efforts of State leaders and Chicagoans that significantly reduced the District’s budget deficit, our schools will open this fall with the resources to continue their remarkable academic progress.”