Mayor Brandon Johnson is not ruling out a loan to cover a Chicago Public Schools deficit of $500 million.
There is no official answer on how the mayor will fill the budget gap, after he rejected cuts proposed by CPS administrators.
“I have not changed my mind about investing in our children. I will never change my mind,” Johnson said.
The mayor was asked if he would consider a long-term, high-interest loan.
“I’m not going to tolerate cuts to our children. I’m not going to tolerate it. And so, there are a number of considerations that we have to make to ensure that our children get what they deserve,” Johnson answered.
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