The city of Chicago is cutting its public school budget by $200 million after making a major payment into its teachers' pension system.
The move comes just a couple of years after the city closed almost 50 elementary schools, in what was at the time a historic number of public school closures.
Still, the school district's budget problems persist.
"Chicago Public Schools faces a significant budget crisis," says Sarah Wetmore of the Chicago-based Civic Federation, a government watchdog group. Wetmore says the city's schools have had deficits that won't go away.