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The state board will likely have less funding for items such as transportation, private school tuition for students with disabilities, and Illinois’ free breakfast and lunch program. That’s because local revenue projections are modest and federal COVID relief dollars are set to run out, state finance and budget officials told board members.
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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Meh. Everyone knows that any cash crunch only affects the greedy teachers. What is (not) taught to the students won’t change, as well as the student’s test scores.
Many public entities are using the last of the Covid funds provided as part of Dementia Joe’s excessive blue state bailout to balance 2024’s budget. They hope that it will make voters feel better about the economy and Democrats can win the Presidency, House and Senate, enabling more free money for big blue states. It could work.
The effects of taxpayers leaving the State has been patched over by the assorted covid monies that have been thrown everywhere. It is slowly getting back to the normal realties now and where will Pritzker, BJ and the rest goiig to get their free funding now?
The writing’s been on the wall for a couple years now. School districts should be prepared by now. They are not.
Gosh – What a surprise…