Debt burden, pensions burden Chicago Public Schools – Center Square

“Last year, the district's budget was about $10 billion, and it picked up about $300 million in pension costs,” said Danny Vesecky, senior research and policy associate at the Civic Federation.
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Leaving Soon, just not soon enough
6 hours ago

The unfunded public sector pension debt is chocking the life blood out of Chicago and Illinois. No new businesses want to come and pay off debt they had nothing to do with. More and more businesses and people are voting with their feet. Soon only the rich public sector worker and the poor immigrants will be left in Chicago. It will have some of the highest taxes and lowest quality services which will only encourage more people to leave the state. Death by Public Sector Greed.

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