CHICAGO - Chicago schools will remain open until at least Friday under the third court order issued to give the Chicago Board of Education time to balance its budget for fiscal 1994.

U.S. District Court Judge Charles Kocoras issued the latest order on Monday, adding four days to the school board's time. The board's financial oversight panel, the Chicago School Finance Authority, agreed to the extension only if the new order imposed deadlines for action by the board, the teachers union, and the Illinois General Assembly.

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