-- Connecting the dots between our economy, government and business --
"The funding from the federal government has had such a positive impact, and to have it taken away with no plans to replace or supplement means we will halt the incredible growth our students have made since bouncing back from COVID," said Benito Juarez Community Academy teacher Lilliana Hogan.
Summary and audio linked here.
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.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
The city’s on the cusp of failure. It has a Billion-dollar budget short-fall; you just don’t find a thousand places to harvest a million dollar$. Generations of, “I’ll be dead by than” politics is here.
Hey CPD…!
Hold ‘Walk-ins’ at all the CPD facilities like the teachers do…
Find some ‘busywork’ ropers & such, or have trouble finding a radio, BWC, taser or squad keys…
Squad won’t start, other equipment malfunction etc…
Even for an hour it would cause much chaos…
CFD too…
The funding had such a positive impact, but we blew it like sailors on shore leave and now are scrambling for a way to fund our champagne tastes on a beer pocketbook. We could start by finding out what happened to $77M(?) in stolen computers from the failed home learning initiative ( they can be tracked with a little effort ) , but nah.
Who downvotes something like this? Ahhhh…..right. A CTU brainless leech. Too deeply stupid to not realize that there isn’t a money tree. That’s who. You simply can not exaggerate the bottomless idiocy of these CTU stooges.
the retired public sector worker who downvotes all comments critical of CPS on this site
he is like Pavlov’s dog
If you go on state ESSER site they give the %s how each district spent there COVID ESSER funds:
CPS (Dist 299) spent 52.75% on salaries &12.63% on benefits out of $2.9 bil.While entire state on average spent 33.40% on salaries & 7.72% on benefits out of $7.8 bil (includes CPS)(https://www.isbe.net/Pages/ESSER-Spending-Dashboard.aspx)….if I’m interpreting the data correctly
Here is a good article as a point of reference on education costs. This is an older article so costs are most likely much more today. Look at Table 10 and how much TIF money is taken away from schools in Chicago. IMO there is more than enough property tax money for schools but it is allocated to other political pet projects. What would help is for parents to pay TUITION for just 1 year and get reimbursed from the state at $6,119 which is the minimum per pupil expenditure. When they get a bill for $30K per child would… Read more »
Great idea on the surface at least. It entices parents truly get interested in how well their money is spent, reducing the general malaise of many. But, let’s face it; your idea won’t get any action most likely.
Teachers? Hilarious. Of what? Moronics. My guess is that over 50% of them can’t read at grade level themselves. Union leeches.
Close it. Fire them all. Sell buildings. Start over.
Since most Chicagoans enjoy their slave status and fight against any emancipation, these “teachers” should be given everything they ask for. Essentially, their handpicked representative is your master and you need to pay up. So pony up. You like it.
From the pic, there should be much more walking going on
I had a client in the old CTU HQ building downtown. The CTU floors were the biggest collection of the glacially slow moving morbidly obese that I’ve ever seen. They made JB look svelte. At lunch they would pile into the overcrowded and overloaded elevator with gigantic bags of massively fattening lunch grub.All supersize. All fried. It really was a fulfilled stereotype of the bloated CTU fatcat bureaucrat.
which is why the CTU has demanded federal subsidy for Ozempic.
This is not a joke
Holy sh!t, did these morons think Uncle Sam was going to keep the gravy train going indefinitely? Here’s a newsflash for the CTU, the party is over and Uncle Sam is broke. The Federal Government has so much debt that weekly T-Bill auctions merit close monitoring. Better get your expectations in line CTU, winter is coming.
This, 100000000%. How can I vote more than once?
The answer to your gravy train question is yes! The city and county are broke, so charge the rest of the state. When Illinois can’t be bled dry any farther, elect another character like Biden to spread the cost to the nation! No lie! C’mon man, get with the program!
Once again, is CTU doing “walk-ins” on school hours? ….sure looks that way.