New teachers contract to cost $1.5 billion over 5 years. Where will CPS get the money? – Chicago Sun-Times

Jesse Sharkey and Vice President Stacy Davis Gates sloughed off concerns about how a school system that has borrowed to the hilt can afford such a generous contract:

“So to hear this discussion arise about, ‘Oh, my God. It’s gonna cost too much money.’ No. quite frankly, it should be costing a lot more money.”

Pressed on where the money should come from, Davis Gates said, “Rich people. Reinstate the corporate head tax.

“[Lightfoot] has an opportunity to expand the tax base to include those who can pay more. She should do that,” Davis Gates said.

“A corporate head tax. A financial transaction tax. Things that will actually transform the way in which we fund public services in this city."

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mqyl
4 years ago

The only transformation going on here is that of Chicago continuing to lose population due to escalating taxes and user fees.

Governor of Alderaan
4 years ago

CPS should take Sharkey’s Tesla and his 4 bedroom Rogers Park mansion, for starters

Illinois Entrepreneur
4 years ago

“Rich people. Reinstate the corporate head tax. We are encouraged that the governor has put forth a fair [graduated income] tax to put that on the ballot.”

Lightfoot – one term. Pritzker – one term.

Only to be replaced by more socialist democrats.

There’s a great future ahead, here!

MikeH
4 years ago

Rich people. It’s a broken record with this woman. And while I can see Lightfoot being a 1 term wonder, this is also the same state that reelected Blago…

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