Currently Chicago Public Schools (CPS) is the fourth largest school district in the country serving nearly 400,000 students. It is also the second largest employer in Chicago.
CPS is under the direct control of the Chicago mayor, who appoints members to the CPS school board unlike most Illinois school boards that are elected.
This year the Mayor of Chicago has asked for a $500 million bailout from the state of Illinois to keep on doing what they have always done. They have also asked for an additional appropriation.
Many believe the appointed school board has mismanaged the financial dealings of CPS and should be replaced by a school board that is elected by the people of Chicago.
Governor Bruce Rauner has proposed a state take over of the fiscal oversight of CPS until a duly elected school board is formed.