CHICAGO – Chicago Public Schools unveiled the “framework” for a $5.75 billion fiscal 2018 budget Friday that relies on $300 million of new state money that’s still up in the air and $269 million of unidentified new “city resources.”

The cash-strapped, junk-rated district is relying on those funds to erase about $550 million of red ink in the new fiscal year that began July 1. It’s the third consecutive year the district budget has assumed additional state funding. Such funding fell through in the last two years.

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