The Chicago Public Schools system is reporting a nearly 14,000 drop in enrollment over the last year.
Student enrollment is at 378,481, a 3.5 percent decline from the previous year. There are 13,804 fewer students enrolled in CPS this year, according to the district.
The drop -- based on enrollment on the 10th day of school -- is more than double what CPS had forecast in July.
Schools receive funding through a student-based budgeting system. As a result of the enrollment decline, schools will collectively see $30.7 million in budget cuts.
The district will provide $5.7 million to protect "critical academic programming" from being cut at hard-hit schools.
There could be 300 layoffs tied to the enrollment decline.