The Chicago school board has made headlines by approving a budget that omits a controversial $200 million loan. Key details include:

• The budget aims to address a significant $730 million shortfall.
• This decision steers clear of high-cost loans that could burden the district.
• Mayor Lightfoot had pushed for the loan, but the board rejected it, prioritizing fiscal responsibility.

Chicago's education sector is undergoing a pivotal transformation, focusing on sustainable financial strategies. Here's the full scoop.