Mayor Rahm Emanuel and CPS chief Jean-Claude Brizard today announced $75 million in budget cuts at the district's central office.

The new schools administration says it is trying to spare classrooms from cuts as it tries to close a $720 million budget shortfall.

Eliminating vacant central office positions and those expected to become vacant due to retirements and limited layoffs will make up $16 million in the cuts, according to a release issued at a press conference this morning. 

Scaling back debt payments will save another $44 million.  Another $7.3 million will be saved from reducing underutilized space in underenrolled schools, the release stated.

But even as CPS cuts positions at the central office, the state budget now before Gov. Pat Quinn could bring $77 million dollars less to CPS this coming year than last.