Schools Mayor Emanuel Lays Out Comprehensive Plan to Address CPS Budget Crisis, Warns of Deeper Cuts by Gary Kopycinski on July 2, 2015 Gary Kopycinski Author More in Schools: Save the date for The Prairie Party at theNate June 17, 2026 Governors State Has New Soccer Complex and New Men’s Coach June 17, 2026 Amauree Williams Caps Historic Southland Career with Three State Championships June 3, 2026 CHICAGO–(ENEWSPF)–July 1, 2015. Mayor Rahm Emanuel today laid out a comprehensive plan to address the budget crisis at Chicago Public Schools as they are facing a $1.1 billion budget deficit in the next fiscal year.