Editorial: Indianapolis acts on school consolidation. Chicago refuses, despite a projected deficit. – Chicago Tribune/Yahoo

"CPS says it 'must divert between $400 and $500 million from the classroom annually to pay for debt service to fund school construction and repairs.' That makes little sense for a system with so many empty seats. Until CPS aligns its footprint with the number of students it actually serves, deficits will persist."
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Wally
9 hours ago

They’re still moaning about Rahm closing schools couple of years ago. Imagine if those schools were still open. Meanwhile, red neck states like Louisiana, Alabama, and Mississippi are improving their education systems where their grade schoolers are surpassing CPS students.

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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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