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The private Catholic school, which said it typically makes budgetary decisions in the fall, moved that date to March to get ahead of the sizable deficit, which DePaul said is a result of “slowing enrollments, increasing financial aid, rising costs and the loss of COVID-related federal funding.”
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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How timely, I received a call last night from a UIC student soliciting donations from alumni. I politely told her that I would not donate anything because of the way the school treated Professor Jason Kilborn. She had no clue who Kilborn was but she said she would tell her manager about my reason, hopefully she does.
https://jonathanturley.org/2022/01/29/university-of-illinois-chicago-law-professor-sues-over-exam-controversy/
Never fear, student organizers are mobilizing as we speak.
https://depauliaonline.com/63768/news/depaul-students-organize-in-response-to-budget-gap/
Simple solution: Maybe DePaul fires nearly all administrative bloat along with everyone involved with ESG and Equity garbage.
As Students See Many Colleges As Woke Brainwashing, DePaul Sees Enrollment Crash, Yawning Budget Deficit