-- Connecting the dots between our economy, government and business --
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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Cps has offsets 6,000 student enrollment decline by increased of approx 3,000 pre-k enrollment who are claimed as cps students. Dont know if this is new, but a lot of polotics & ctu/seiu$ and fed funding for cps to takeover the pre-k/ daycare bussiness and put not-for-profits and for profits mom&pop operators out of business. Complicated
What does CPS spend per pupil, $16,000? And the state picks up 1/3 of that? So with 6,100 fewer students, that frees up around $30 million for the state to send to other school districts. Fantastic!
I’m kidding, of course. Hold Harmless, remember?
If enrollment declined by 6,000 doesn’t that increase the per pupil expenditure? Now factor in the increases they received it increases the per pupil even more. At this rate of decline down the road there will be only one student left at a cost to taxpayers of $8+ Billion. That is why we ( taxpayers) need to set an upper limit on what we are willing to spend on education. Can you educate the kids for say $9K each if not we will find someone who can? Private schools in Rockford and surrounding areas are approx $7K or less while… Read more »
CPS has a number of schools that operate at less than 20 percent capacity. Keeping these schools open is wildly inefficient and expensive and doesnt serve the students who attend, but the progressive lobby in Chicago will not permit these schools to close, even though by any reasonable measure they should. Theses schools are likely the best source of jobs in troubled neighborhoods, so closures are painful. I foresee the school population heading to 300,000, so the entire CPS system, including the CTU contract, the number of grossly underutilized schools, and their awful financial rating all mean the future –… Read more »
One of the reasons why they want to keep the schools open is because of gangs. Some high schools are one gang, and other high schools are other gangs. When you close one school and force the two groups to co-mingle, well, bad things happen. Gangs don’t buy into the ‘progressive diversity is our strength’ nonsense. They believe in total segregation from members of other gangs, doesn’t matter if they share the same race, or they are of a different race. At the end of they day, the school is keeping open near empty schools because of the ramifications of… Read more »
Alternatives: close both schools or call in a UN peacekeeping mission. Government was established to maintain order, not to perpetuate disorder.