CTU has its own math as strike date nears – Crain’s

According to CTU’s own filings, $380 million from a property tax increase and $211 million from the state went specifically to shore up the fiscally weak Chicago Teachers Pension Fund. And revenue from the property tax hike is expected to bring in almost an additional $100 million a year on top of the $380 million. That, for those who know how to add, makes up more than two-thirds of that $1 billion in increased tax dollars. For pensions. And for those who have forgotten, CTU members pay just 2 percent of salary for their defined-benefit pension.