CPS staffing grew 25% even as enrollment fell during COVID. No wonder it’s running deficits. – Wirepoints on AM 560 Chicago’s Morning Answer

Ted joined Dan and Amy to talk about the potential dismantling of the Department of Education, why only half of Chicago Public Schools funding makes it to the classroom, why so many Chicago teachers are chronically absent, why the city’s pension debts have grown out of control, and more.

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P T Bombast
1 year ago

Steal millions and lose thousands in Chapter 9. Bleat pension theft and shed croc tears.

Much better to impose PBGC caps and actuarial adjustments on the whole gang of pirates and let the losers (a minority) use their own money to pay lawyers to seek justice from empty treasuries.

Greater good is preserving funds for teachers and janitors and forcing blowhard administrators to suck wind.

Joey Zamboni
1 year ago

Only in Chicago –

School enrollment declines, let’s ‘increase’ staffing…

Meanwhile, crime surges, lets ‘decrease’ the amount of police officers…

Brilliant…!

Old Joe
1 year ago

It amazes me when I look back and see what nuns were able to accomplish with a shoestring.

Eugene from a payphone
1 year ago

It will be a horse race to see which public pension fund will collapse first. My money is on the CTPF.

Tom Paine's Ghost
1 year ago

Yup. And no federal bailout.Instead the CTU will steal from the rest of Illinois so that the rest of the state can hate these grifters too.

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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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