Chicago Public Schools CEO Says District Underfunded, Needs More Money From State – WTTW (Chicago)

Chicago Public Schools CEO Pedro Martinez appears on “Chicago Tonight” on May 7, 2024. (WTTW News)“We’re underfunded for pensions,” Chicago Public Schools CEO Pedro Martinez said. “We don’t have a dedicated funding for capital. So we’re not a fully funded district. So therefore, we don’t have fully funded schools.”
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debtsor
1 year ago

Glad to see he dropped the fake latinks accent from his earlier interviews.

pam
1 year ago

After listening to the news about this funding all i can say is they are gaming the system and they are very GREEDY. It also said how bad of an education these kids are getting…….FOX had a segment on this along with some Chicago poeple that are plain FED UP!!

Hello, Indiana!
1 year ago

Because a fully funded pension fund is intrinsically necessary to teaching children, right?

Riverbender
1 year ago

“The schools are underfunded and need more money.” In my old age it seems to me I have heard that somewhere, sometime before.

JackBolly
1 year ago

But as WP has documented, CPS has plenty of funding to keep schools open with hardly any students in them and teachers on the payroll. Complete lack of management – the CPS should be run from outside Chicago.

Daskoterzar
1 year ago
Reply to  JackBolly

Absolutely, and they have plenty of money to pay for the operations of school buildings designed to have 1000 students and only have 30. Complete lack of management. But we tax payers are supposed to pay for such stupidity.

pam
1 year ago
Reply to  JackBolly

They should be run OUT of chicago!!

Daskoterzar
1 year ago

Cut your costs to match the incoming funding.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

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