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“If there are good ways to spend the money well right now, what are districts waiting for?” said Diane Whitmore Schanzenbach, director of the Institute for Policy Research at Northwestern University. “Kids have been hurt both academically and emotionally. We want to know what they are doing now to make kids whole.”
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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Reparations. To all … And to all a good night.
Feds flood school districts with money…there’s not enough qualified people to fill teaching roles or tradesmen to perform building improvements…free money sits there losing value every day under high inflation…once money dries up those newly created positions have no funding source. Great job, everyone!
Sorry to say nixit there will be a funding source, you and me in the form of even higher property taxes
Interesting to see how much has gone to $salaries$, about 1/3, cha-da-ching!!
About 80% of their budget goes to salaries and benefits, not to mention the wining and dining they do and the gifts they order for themselves and the parties and celebrations they throw for themselves. They are a disgrace.
They’re trying to figure out how to steal every cent. If they spend it on students there will be less to steal!
Those billions should be rebated back to the taxpayers. These schools are the most egregious in wasting taxpayer money as they fail the children more and more each year.
And yet they will have the audacity to raise your property taxes.