Chicago Schools Seeks $1 Billion of Short-Term Debt as Cash Gone – Bloomberg

7 Comments
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mqyl
1 year ago

Illinois taxpayers need sound, ethical, financial stewardship at the municipal, county, and state levels. You would think such stewardship would be a requirement, but, apparently, it’s not.

Cass Andra
1 year ago

Why not borrow from CTU?

JackBolly
1 year ago

CPS is taking a ‘payday loan’ What assets does CPS have for collateral? The same property owners who have been repeatedly abused.

Leaving Soon, just not soon enough
1 year ago

More Generational theft.

Old Spartan
1 year ago

Good Lord. Cook County taxes property owners to death. The public schools fritter away billions of dollars of taxpayers’ money. Then the total incompetents at the district can’t plan the cash flow properly, and the fools at the County can’t even collect the rake on time. These Democrats are simply not capable of running a basic municipal operation with any level of professionalism.

mqyl
1 year ago
Reply to  Old Spartan

Ugh, and I just posted a comment on how aggravating it is to continually read articles on Chicago, Cook County, and Illinois mismanaging taxpayer money. It happens so frequently, it’s hard to stay current. And many times, we’re talking about large sums of money.

Chercher
1 year ago
Reply to  mqyl

Yep, that’s $1,000,000,000.00. And that’s just for this year. They have no intention to ever pay it back – they’ll just throw up their hands and say the federal government will have to cover it.

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