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.
From the picture, Betsy Ross school looks like just the place a parent would want to send their children!
Closing a school with 100 staff members and 18 students just isn’t equitable.
It’s actually 33 staff and 28 students but either way closing these under capavity schools would save 100s of millions. It is the part of the right answer.
The goal isn’t to save money. The goal is to provide income to CTU members living in Chicago. Having a CPS job is a very good job for members of the community and often several people rely on that one employed person for income, housing, food and living expenses. Effective, the CPS is a form of socialism, providing income to one employee, who then supports several other community members with their income. Take away those schools, you take away many of those jobs, and the downstream effects are great. They are socialsts, they come right out and say this. this… Read more »
As usual Debtsor, you expose the real reasons political decisions are made.