Chicago Public Schools (CPS) will host two additional public hearings for parents, teachers, and community stakeholders to learn about and comment on the amended budget for Fiscal Year 2013 (FY13). The meetings will be held simultaneously on Monday, Nov. 5th from 6p.m., to 8p.m., at King College Preparatory High School, 4445 S. Drexel Blvd., and Walter Payton College Preparatory High School, 1034 N. Wells St.

Although the Chicago Board of Education approved the FY 13 budget, CPS has amended the budge in order to account for the additional costs associated with the Chicago Teachers Union (CTU) contract agreement. The contract adds a total of $103 million to the FY13 budget, all of which is tied to salary increases. In addition to the November 5th hearings, CPS held hearings on October 16. CPS will present the amended budget to the Board of Education at its next meeting on November 14.