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Nation IN BRIEF : ILLINOIS : Chicago School Board OKs Budget

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From Times Staff and Wire Reports

The Chicago Board of Education approved a $2.7-billion budget, officially ending a months-long financial crisis that shut down the nation’s third-largest school system three times. The budget included a two-year pact with the Chicago Teachers Union and $378 million in bonds. It also allows the board to borrow $32 million in funds normally earmarked for poor students.

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