Number of half-empty Chicago public schools doubles, yet lawmakers want to extend school closing moratorium – Wirepoints
April 19, 2024
18 Comments
A set of state lawmakers want to extend CPS’ current school closing moratorium to February 1, 2027 – the same year CPS is set to transition to a fully-elected school board. That means schools like Manley High School, with capacity for more than 1,000 students but enrollment of just 78, can’t be closed for anther three years. The school spends $45,000 per student, but just 2.4% of students read at grade level.
Hopefully, all media will get the message, in Illinois, too.
Ted joined Tom Miller of WJPF to talk about Illinois’ highest-in-the-nation property taxes, why lawmakers don’t want to touch the tax’s cost drivers, just how much Illinoisans’ tax burden has grown over the decades, why Gov. Pritzker failed to meet his promise to reform property taxes, and more.
The rating agencies need to be class action sued. They manipulate the very things they rate, they enable the Ponzi scheme and they make a market trading in the misery of Illinois taxpayers. None of this ends until both the actuaries and raters are held responsible for colluding with Illinois politicians, ignoring Wirepoints, Illinois Policy, basically ignoring 5th grade arithmetic. You watch, it still wont hit junk, the powers that write the paycheck of the raters and the actuaries basically stipulates that they shouldn’t think, just be stupid rubber stamps, we’ll cover for you. Actuaries suck and so do bond… Read more »
How long have we heard that without the tax referendum Illinois bonds would be rated as junk? Well the tax failed and now we hear this. I blame the rating companies to a degree on this one. Call it junk asnd lets get on with fixing the eventual mess once and for all.
The governor has a lot of junk in his trunk.
If Illinois bonds are trading like junk, they’re junk