America’s schools are heading for a crunch – Wirepoints cited in The Economist*

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Tim Favero
3 years ago

The Chicago Teacher’s Union is responsible for this. Soon to be former mayor Lori Lightfoot caved to the teacher’s union twice and agreed to their demands and salary/benefit increases. Hopefully, Paul Vallas will become the next mayor and will stop all this wasted money and close those schools with less than 70% capacity and find a legal way to terminate non-performing teachers.

Pensions Paid First
3 years ago
Reply to  Tim Favero

Soon to be former mayor Lori Lightfoot caved to the teacher’s union twice and agreed to their demands and salary/benefit increases”

Sounds like it’s the mayors fault. Unions are designed to get the best contract they can obtain. Nothing prevents management from being tough. You even point out Vallas will be better. Stop blaming employees for trying to maximize their pay and benefits.

state_pension_millionaires
3 years ago

The big time! Congratulations to WirePoints!

Poor Taxpayer
3 years ago

Cost per student is very high in the Chitty of Chicago, the results are even lower.
CPS is the laughingstock of the country.

Aaron
3 years ago
Reply to  Poor Taxpayer

Unaffordable costs and zero return means it’s working. It’s working! Seriously

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Audio: Wirepoints’ Mark Glennon says Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades – Chicago’s Morning Answer

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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