The Chicago Board of Education has postponed a crucial vote on a controversial budget amendment, as tensions mount over ongoing negotiations between the Chicago Teachers Union (CTU) and Chicago Public Schools (CPS). Mayor Brandon Johnson has urged CPS to consider short-term borrowing options to cover a $175 million pension payment, but disagreements persist regarding the approach. Alderman Jason Ervin emphasized the need for CPS to fulfill its obligations to the municipal employee pension fund. As the school board grapples with financial challenges, including a $240 million borrowing proposal, there are concerns about the impact on teachers and students. The situation remains fluid, with key issues unresolved, as officials from both CPS and the CTU work to reach an agreement before the rescheduled budget vote.