CHICAGO - Chicago Public Schools Superintendent Ted Kimbrough yesterday released a tentative $1.5 billion general funds budget for fiscal 1993 that reduces the projected deficit to $90.5 million from $185.5 million through actual and anticipated revenue increases and appropriate changes.

However, he warned that to erase the $90.5 million deficit for the fiscal year that begins Sept. 1, employee unions will have to make concessions. Under a deficit reduction plan proposed by Mr. Kimbrough, the school system would make up for the $95 million difference between the deficit projections through $92.1 million of revenue increases and $2.9 million in appropriations revisions. The superintendent had made the $185.5 million deficit projection in June.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.