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.
Totally agree. One problem is that those other groups are not represented. In a proper insolvency proceeding a committee would be appointed to represent them and they would have their representation paid for by the estate.
I did look at those guaranty provisions. As I lawyer, I would say that if this was done in the private sector they would likely be invalidated as fraudulent conveyances or preferential transfers. With no state bankruptcy possible that cannot happen through the normal process, but perhaps there is a common law notion of fraudulent conveyance that should apply. Other creditors should be screaming.