Chicago Faces Dire—but Not Insurmountable—Problems – ValueWalk

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Anonymous
8 years ago

Another article that does not even mention legislative pension benefit hikes to underfunded pensions, a practice which escalated after the pension sentence was added to the Illinois State Constitution on December 15, 1970. Just blame the taxing district (and / or state depending on the pension fund) and taxpayers for not contributing enough money to the pension fund, ignoring the legislative benefit hikes by the Illinois General Assembly and Governors that occurred while the taxing district (and / or state depending on the pension fund) was shorting the annual contribution to the pension fund and while the pension was underfunded.… Read more »

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Number of half-empty Chicago public schools doubles, yet lawmakers want to extend school closing moratorium – Wirepoints

A set of state lawmakers want to extend CPS’ current school closing moratorium to February 1, 2027 – the same year CPS is set to transition to a fully-elected school board. That means schools like Manley High School, with capacity for more than 1,000 students but enrollment of just 78, can’t be closed for anther three years. The school spends $45,000 per student, but just 2.4% of students read at grade level.

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