-- Connecting the dots between our economy, government and business --
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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5 school days missed @ cps with an abysmal performance track record of meeting any academic standards.
THANKS CTU, THANKS JB–thanks for screwing low income kids and families once again @ +$28,000 a year to fulfill your gready political interests🤩🤩🤩👍!!!
Why would anyone hire a CPS educated student? Only got half the education of normal kids.
At 4x the cost
Of course not. More free money for CTU teachers.
Reading is not your strong suit. What source do you have that teachers are getting paid? Just more ignorance from another low information commenter.
“The decision means teachers won’t automatically get paid for that missed time, a sore spot for educators who were upset to lose nearly a week of pay without gaining much in safety negotiations during the city’s Omicron surge.”
This is actually a good thing to curb union strikes. It sends the message that you will not be able to get that money back.