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SURE DO LOVE THOSE SANCTUARY CITIES! Chicago Public Schools Going Broke – Facing $734 Million Budget Deficit and Laying Off Almost 1,500 Teachers and Staff by Mike LaChance Jul. 15, 2025 BREAKING - Chicago Public Schools are now BANKRUPT as the city faces a $734 million deficit after paying for illegals, and must now lay off 1,458 employees, including 432 teachers and 677 special education classroom assistants.