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.
How much of a difference would it make if they used a different rate for this fund?
Roadkill, I have not seen that analysis done for this specific fund. However, similar analyses on other Illinois pensions have estimated that proper assumptions bump up the true unfunded liability anywhere from 50% to 300%.
like that actuary said in one of your earlier articles these consultants reports are just “making shit up”