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Despite new concessions from CPS and Mayor Lightfoot, the union says it's not enough, and appears to be set on continuing its strike into a 10th day.
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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Collective bargaining negotiations — if done right — generally become a give and take situation. One side demands something, and the other side demands something it wants. They trade. One side might get a little more in a final contract, just due to the ebbs and flows of the room that negotiators have. I thought Rahm was bad, but Lightfoot and her team is getting taken, here. What has the City and the taxpayers gotten out of this? Anything at all? How about merit reviews? Less obstacles to firing? Shoot, more instructional time? Anything? God forbid, lower costs? Maybe even… Read more »
Collective bargaining negotiations — if done right — generally become a give and take situation. One side demands something, and the other side demands something it wants. They trade. One side might get a little more in a final contract, just due to the ebbs and flows of the room that negotiators have. I thought Rahm was bad, but Lightfoot and her team is getting taken, here. What has the City and the taxpayers gotten out of this? Anything at all? How about merit reviews? Less obstacles to firing? Shoot, more instructional time? Anything? God forbid, lower costs? Maybe even… Read more »