CHICAGO -- The financial over-sight authority for the Chicago Board of Education late Wednesday approved the board's $2.74 billion fiscal 1994 budget, officially ending a fiscal crisis that lasted more than two months.

The five-member Chicago School Finance Authority gave its stamp of approval two weeks after the stamp of passed thee budget, which is partly balanced with $175 million of anticipated bond proceeds, according to Barbara Holt, the authority's executive director.

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