Chicago Public Schools (CPS) has seen a significant increase in per-student spending, with instructional costs rising to $15,274 and operational spending reaching $24,132 in fiscal year 2022. Despite this increase, academic outcomes have deteriorated, as proficiency in reading and math among 11th graders fell from 25.1% in 2018 to 21% and 20.5% respectively by 2022. Meanwhile, Mayor Brandon Johnson faces mounting challenges, including a $1 billion budget deficit and the recent mass resignation of the CPS board, which he appointed, amid criticism of his management. Johnson's proposal to address the budget gap with a high-interest loan has been met with resistance from the school CEO and city aldermen. The turmoil highlights concerns over CPS's financial management and its impact on the city's ability to attract families and businesses. As Johnson prepares to present a revised budget plan, he insists on the need for state support to ensure equitable educational opportunities for Chicago's students.