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"There’s an impending financial crisis looming within the school district. Much like the mayor’s sanctuary city allies, Stacy Davis Gates and the Chicago Teachers Union are also clamoring for a blank check of their own.... CPS receives nearly 56% of all Chicagoans’ property taxes and 25% of all state K-12 funding —yet it is crying poverty."
Summary and audio linked here.
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.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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CTU = Massive Blackhole for Illinois Taxpayers!!
The greedy scum thieves at CTU only want bottomless vast amounts of money. They don’t care about stealing from the real workers of Illinois. Most parasites are smart enough to simply leech and survive but the CTU maggots are stupid and are OK with killing the host.
Who is stealing the money plan and simple, someone needs to do a forensic audit of CPS, CTU
With the results of the students in the Chicago school system funding it is just another Illinois bad investment. Do things ever change?
Dead from Red Ed…..