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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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Discussion with senators-
ISBE: Give us a bunch more money.
SENATOR: Not sure we can do that, and it seems not to improve education anyway.
ISBE: We will sic the CTU on you, like what they did to Vallas.
SENATOR: I will be proud to vote for your request for these very needed funds to help our children.
When reading through this article all I see is money , Let’s throw a whole bunch of money at the schools and see what sticks.517 million $ increase and our top educator hopes that’s enough. What is evident based funding model? Inviting learning environment? That needs explanation? This decrease in transportation funding shows the educators have zero knowledge of the entire state. 170 districts would receive a pipeline grant . The teacher shortage is a big issue. so classes that have no full time teachers are having a glorified baby sitter and no learning is happening.The student lag even further… Read more »