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The board held no debate or discussion about the moratorium on the school closures.
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.
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Pie in the sky, water from a rock type demands…
Pigs get fat, hogs get slaughtered…
We can only hope…
The last thing CPS needs is a problem solver.
Close em, keep em open, it doesn’t matter. CPS is just daycare for kids (and their families) that don’t care about education. Closing these schools to have a financially (and operationally) dysfunctional organization save a few bucks won’t affect anything. Hell, I actually agree with CPS, if I were them I wouldn’t close them either, there’s no point anymore.
Wirepoints should stop writing about CPS. It’s over, guys. It’s just over. Maybe move on to other topics.
I’m not sure it makes sense to write about CPS, Chicago or IL anymore for the people in authority, like Daddy Pritzker, don’t care. They are unashamed of their malfeasance.
Well that’s another stupid financial move on part of CPS Board.
Cps is in cahoots with the ctu
They are hoping to create an emergency so the state will come in with funding. Don’t expect that to happen. Do expect your taxes to go way up if you live in Chicago.
I agree! Similar to the dollar dump on Democratic strongholds during covid 19, city/county leadership is hoping to get a cash infusion from tax payers all over the country.
Guess who’s getting a tax increase? Yup, the same people struggling now to pay their rents and taxes in Chicago. I’m sure Daddy Pritzker will force some state monies into the black hole of CPS.
Big picture— JB & dem machine from Chicago to Springfield are treading lightly, its presidential election season, not only do they got the knee pads on for CTU but also for Randi Wingding & crew, and KH nationally. Standing up to CTU is seen as anti-women nationally. YOUR AN IDIOT IF DON’T YOU THINK THIS IS PART OF CTU PLAN??? The last thing anybody cares about is dopey Chicago taxpayer/ homeowners.
or cares about any dopey kids that can’t read at $30gs a pop for that matter
Big win for CTU, big loss for dopey taxpayer/homeowners. I’m sure this is 1/2 of what CTU was looking for.
If only there was a leader with some balls to tell the CPS and CTU to go to hell. Liberalism is a mental disorder.
There’s probably a 200-300 million dollar hole that now won’t be filled with any sanity.
Democrats in Springfield ended the Invesr In Kids Act, which led to the closure of multiple Catholic schools, with those kids forced to go to underperforming public schools. That is apparently acceptable school closure. CPS SHOULD have a closure plan in order to maximize resources for the maximum number of kids. It is prevented from doing so as it is also a job program for CTU, which in a better world where its first concern was education would support closing schools as a necessary part of evolution as city population changes.
Common sense has no home in Chicago. I only wish I had a crystal ball where I could show all the Illinois progressive voters their future a decade from now. Actually, just showing them their tax bills a decade from now would be entertaining.
That’s just got to be a teacher with the thumbs down.
Claim they need 1000’s of more teachers but have schools with more teachers and administrators that students.
Interesting strategy. Closing grossly underutilized schools would be a good start on closing the budget gap. The numbers reflect this no matter where one stands on the issue. So, as the recent editorial by the Tribune indicates, the impending path by Johnson and Gates is to make so much red ink explode Springfield will be forced to pour billions into the schools. In other words make Springfield so bothered by the beggar outside the door it will have to pay. Gates in an interview asked Martinez to state where the money will come from – shorthand for unless you beg… Read more »