2010-2011: the CPS gives a starting salary of $50,577
for a first-year teacher with a bachelor's degree. But that's including the seven-percent "pension pickup," which comes from the Board of Education: it's compensation, obviously, but not money teachers get right now.
Since that doesn't seem to be regularly included in the salaries quoted by news reports, it's probably better for comparison to subtract it, which can easily be done with the more detailed tables provided by CPS (PDF
If we do that, the starting salary is $47,628. The maximum, for a teacher with 20 years' experience and a doctorate, is $88,680 ($93,817 if you include the pension pickup). The average, according to the AP, is $69,000