Tentative teachers’ contract will cost CPS $1.5 billion over four years; how will district pay for

After nearly a year of tense negotiations, the Chicago Public Schools and the Chicago Teachers Union have reached a tentative deal on a new contract, and while it could avert a teachers' strike, nothing is signed and sealed just yet. The four-year deal will cost CPS $1.5 billion, but officials have yet to say how the district will pay for it.