The Chicago Public Schools system last week projected a $383 million deficit in its preliminary $2.8 billion budget for fiscal 1994.

Charley Gillispie, the system's chief financial officer, said the shortfall for the next fiscal year, which begins Sept. 1, 1993, is due largely to a lack of resources. He said the school system will have over $230 million less next year than it had in fiscal 1993.

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