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Chicago Schools Face 6 Million Shortfall as IRS Demands Loom
Chicago schools confront a growing financial crisis with a possible six million cash shortfall by week’s end. Officials fear service cuts or temporary closures unless the district raises forty one point five million to meet payroll for forty eight thousand six hundred workers. The IRS seeks about sixteen million in late payroll taxes, prompting Mayors Byrne and state leaders to press for a resolution while denying White House interference.
MENTIONED IN THIS ARTICLE
Chicago
Catherine Rohter
Stile
Internal Revenue Service
IRS
Jane Byrne
Daniel Rostenkowski
D-Nl
Charles H. Percy
R-Il
Tenhowek
Washington, D.C
Byrne
Carter Administration
Edward M. Kennedy
D-Mass
White House
Rex Granum
Granum
James Thompson
Thompson
Fisks