Lightfoot dismissed questions about ability to afford new CTU contract if economy tanked. Then COVID-19 hit, damaging CPS budget for years. – Chicago Tribune

Over the longer haul, the school district faces the double-whammy prospect of further erosion in property tax collections and higher pension contribution costs triggered by the economic downturn, budget analysts said.
3 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
NB-Chicago
5 years ago

I thought she was simply going to defund the coppers and hand all the $ over to ctu?

Governor of Alderaan
5 years ago

Are there any limits to Groot’s incompetence?

debtsor
5 years ago

Another progressive value mugged by reality.

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE