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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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Students have been making academic progress? When did that start happening?
A good example of ST/WBEZ–S Karp & N Issa article where you can’t tell if they’re reporters or advocates for CTU? As usual, zero stats on what other school district are providing or spending on issues compared to CPS in article? SHORTEN THE SCHOOL DAY!!!, thanks to current contract, the CPS school day is already ridiculously short and staffed with chronically absent teachers with kids stuck with substitutes—-Why in the world do Karp & Issa spend so much of article seemingly trying to legitimize the outrageous CTU demands (Chalkbeats no different). Who at this point are ST/WBEZ’s reader/subscriber base?…..We’re all… Read more »
Just FYI… CPS lengthened the school day in 2012, to 7 hours for elementary and 7.5 hours for high schools. About the same as most other districts in the area.
as for the rest… all fair points