Ald. Jason Ervin: CPS needs to follow through on the municipal employee pension payment – Chicago Tribune*

"As the chair of the Budget Committee, I can tell you that it would be near impossible to convince council members next year to give CPS anywhere near the dollars that we appropriated for the past two budgets if district officials were to turn their backs on us now.  The impact on the city’s finances would be dire. We would end this year with a deficit, putting our city’s credit rating at risk and making it more difficult for the city to balance its budget next year."