CHICAGO – The Chicago Public Schools announced on Friday a plan that relies in part on debt restructuring and capitalized interest bond proceeds to cover the $103 million price tag in fiscal 2013 for a new four-year teachers contract.

The amendments to the district’s budget approved in August will be submitted to the Chicago Board of Education for approval at its Oct. 24 meeting along with the contract that ended a seven-day Chicago Teachers Union strike last month.

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