CHICAGO - The financial oversight panel for the Chicago Board of Education yesterday rejected the board's fiscal 1994 budget because of a $299 million deficit.

To help eliminate the budget gap, the chairman of the Chicago School Finance Authority said that additional revenues could come from tax anticipation debt backed by future proceeds from a proposed riverboat gambling complex in Chicago.

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.