“The public should be worried that consolidation will deflate pressure for real pension reforms. Politicians are going to act as if they’ve really done something – and they haven’t.” – Ted Dabrowski on WTAD

This week on WTAD, Ted talked all about the release of Gov. J.B. Pritzker’s state economic development plan and his pension consolidation task force’s recommendations. He said “if you can make 1-2 percent more on your investments, you should do it. But don’t call it a monumental action. It doesn’t fix the pension problem, it doesn’t get rid of all those 650 pension funds. It doesn’t free cities from overbearing state control.”

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How long can Illinois let these universities shrink? – Crain’s

More than half of Illinois’ state schools are on the ropes enrollment-wise. Meanwhile, the cost of operating them is going up. Student enrollment at Illinois public universities is down again this year, but state budget outlays for the 11 schools is up.

It’s not the paradox it seems. Intense competition for students today is forcing states to spend more on recruiting, financial aid and facilities. Illinois has been on the losing end of that battle, with a net outflow of college-bound students in a trend that shows no signs of letting up.

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Teachers union contract demands could cost $2.5 billion, CPS CEO says – Chicago Sun-Times

The CTU won’t agree to the money until it gets the other items on what Jackson calls its “social justice bargaining” agenda.

That includes everything from affordable housing and a dramatic increase in “community schools” to enforceable caps on class size, mandatory hiring of support personnel written into the contract and more teacher preparation time with potential to shorten the elementary school day.

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Pension issue on tap in Springfield – Editorial – News-Gazette

“[P]roponents and opponents of [the recently proposed plan to consolidate local pension investing] need to be given an extended opportunity to explain why they have concluded this proposal does or does not offer an improvement in the present situation. Of particular importance to consider are the transition costs of merging separate police and fire pensions funds into two investment vehicles.”

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