Chicago Public Schools proposal to close 2 charter schools slammed as ‘racist and irresponsible’ by teachers union – Chicago Tribune

From the beginning, the Chicago Teachers Union was critical of the Chicago Public Schools initiative through which Chicago Virtual Charter School and Frazier Preparatory Academy opened more than a decade ago.

Now the union is calling CPS’ plan to close the two charter schools “an admission of failure by the district after decades of charter proliferation.”

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City of Chicago official hit with felony theft charge – Chicago Sun-Times

A longtime city official who currently works in the Department of Aviation has been hit with a felony theft charge for allegedly making purchases on credit and then claiming he didn’t receive the items he ordered, police said. George Coleman Jr., deputy commissioner for intergovernmental affairs at the Department of Aviation, has been charged with one count of continuing financial crimes enterprise.

 

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Illinois PACE efforts gain traction as first deal closes – The Bond Buyer

The state’s goal of offering commercial Property Assessed Clean Energy program financing as an affordable alternative for energy efficiency, renewable energy, water conservation, resiliency improvements and other green projects initially fell short, spurring additional legislative changes.

The bonds are repaid with local real estate taxes and assessment payments agreed to the property owner and amortized over the useful life of the project that ranges from five to 30 years.

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