Chicago Public Schools
CPS operating money diverted to the teacher pension fund
$61.3 million
Exact amount: $61,256,335.00
FY2026 (July 2025–June 2026)
Our estimateMethod: Board required contribution $646,234,000 plus additional Board contribution $17,332,000 (CTPF valuation p.1) = $663,566,000, minus the $602,309,665 levy = $61,256,335. The budget book reports this gap as '$61.3 million' (operating revenue diversion).
The pension tax is not big enough to cover what CPS owes the teachers' pension fund, so CPS must add this much from its regular school money.
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