Districts Spend Up to a Third of Their Payroll on Pensions. What That Means for Budgets – Education Week

The data also show an interesting phenomenon at work, noted Thomas Aaron, a vice president and senior credit officer at Moody’s, who co-wrote the analysis. Once costs approach the 30 percent threshold states tend to step in and assume more of the share. Illinois stepped in to help out Chicago in 2017, and Colorado increased its payments to help alleviate districts’ burdens in 2018.

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Gov. Pritzker is using the threat of budget cuts to get more tax hikes passed – Wirepoints joins Tom Miller of WJPF Carbondale

Ted joined Tom Miller of WJPF to talk about the details of Gov. Pritzker’s proposed $52 billion budget, why the state is struggling now that federal covid dollars have run out, the controversy surrounding Tier 2 government pensions, why Illinois’ expensive education system fails to teach children to read, the outrageous demands of the Chicago Teachers Union, and more.

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