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(Chicago Defender) — Thanks to an anticipated $106 million in federal funds the Chicago Public Schools not only plans to rehire teachers but also will not zero out its reserve fund.

At its Aug. 25 meeting the Chicago School Board approved a $6.4 billion budget, which is $400 million higher than last year. The district’s 2011 budget is greater than the city of Chicago’s $6.3 billion budget for 2010.

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