CHICAGO — Chicago Public Schools will scale back its planned borrowing in fiscal 2012 and trim administrative costs to shave $75 million off an estimated $720 million gap in its next budget, new schools chief Jean-Claude Brizard and Mayor Rahm Emanuel announced Thursday.

The district expects to save $44 million on debt service next year by lowering the amount of new issuance, though officials did not say how much new debt was being planned. The district typically sells between $200 million to $400 million annually to support its $5 billion capital program.

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