CHICAGO (CBS) — A longtime Chicago Public Schools program that encouraged corporate involvement in schools has been cancelled this year.

As WBBM Newsradio’s Bernie Tafoya reports, the Principal for a Day program historically has been held in late October, and was one of retired Mayor Richard M. Daley’s pet school programs.

LISTEN: WBBM Newsradio’s Bernie Tafoya reports

But after 13 years and a change on the fifth floor of City Hall, Principal for a Day will not be happening anymore – at least not in its current form.

Principal for a Day was an event that Mayor Daley used to get corporate and community leaders into city schools, in hopes of winning volunteers and private donations for school programs.

There will be no Principal for a Day event at all this year, but the Web site for the event say the Chicago Public Schools plan to release “a new date and additional information on programming in early 2012.”

The Web site says last year, Principal for a Year brought in pledges with net values between $1 million and $1.9 million