Chicago Public Schools’ Proposed FY2025 Budget Only a Temporary Fix – Civic Federation

"CPS is spending the last of its federal COVID relief funding at a time when costs associated with personnel and collective bargaining agreements are increasing. Intensifying the budgetary pressures are both the growing cost of operations and the shortfall in pension funding the District receives from the State, both of which factor into CPS’ ongoing struggle to fully cover its costs and achieve financial stability."
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Free at Last
1 year ago

Oh boy. A crisis caused by government incompetence and corruption. The Democrats love nothing better. A perfect opportunity to raise taxes and call you all racists if you object. Rinse and repeat. The slaves don’t understand any of it. Democrats good. Anyone else bad. Democrat slavery is truly a machine to behold.

Dan
1 year ago

1) The state has no money to bail CPS out 2) All of the fiscal recommendations in the article are simply shifting of operational and pension costs between CPS, the city, and the state. 3) The CTU contract negotiations, after a prolonged strike, will blow the current budget out of the water. 4) Direct Covid funding by the federal government was wasted by CPS just as it was by all entities of Illinois and Chicago government. Even though federal funny money give aways temporarily boosted state and local income taxes, as soon as the money came in it was spent… Read more »

bingo
1 year ago
Reply to  Dan

Are we paying for the voting Illegals??

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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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