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.
They talk about dedicated revenue streams not being subject to impairment in bankruptcy, but I thought the Puerto Rico reorganization had cast that into doubt.
That decision on Puerto Rico actually only pertains to payments during the pendency of the proceeding, which is why we haven’t written about it much.
Nice, it’s finally starting to happen, the only thing that will stop the madness. The bond holders need to suffer, they need to lose their shirts, big time, to the tune of maybe a dime on the dollar. This will finally teach the market that they can’t come in here, have their paid raters like Moodys go convince elected officials to raise taxes, then turn around and rate the very thing they manipulated and colluded with pritzker on. Illinois and Chicago need to become such toxic investments that stops the flow of borrowed money, so the only choice is to… Read more »