CHICAGO -- Pay raises for Chicago teachers that were approved during marathon negotiations over the weekend will increase the Chicago Board of Education's estimated budget shortfall for fiscal 1993 by $100 million, the board's secretary said yesterday.

Including the increases in the Chicago Board of Education's budget next year will boost the board's estimated shortfall to $278 million, according to Tom Corcoran, the board's secretary.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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