Mayor Brandon Johnson’s administration floated a plan for Chicago Public Schools to borrow up to $300 million to help pay for increased salary and some pension costs next year, Chalkbeat has learned.
Mayor Brandon Johnson’s appointed Board of Education has refused to take on a pension payment that the mayor had insisted be paid by the school district. And the board and Chicago Public Schools leaders are strongly opposing a City Hall request that they take out a loan to cover the payment and a new Chicago Teachers Union contract, sources say. The district budget released this week does not list the pension payment as an expense.
Ald. Andre Vasquez said, “that it seemed simple to find housing when the city needs to hide people” and that Mayor Brandon Johnson’s focus on clearing out the encampment most visible to the tens of thousands of expected DNC visitors — when he had campaigned on actually helping them — falls flat.
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