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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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CPS graduation rate skyrockets as student enrollment declines drastically. A ‘Madrassas’ style is great for the small number of true-believers but terrible for everyone else. Students graduate having memorized the gender spectrum but can’t read.
The drop in enrollment has NOTHING to do with CPS’ poor quality, noooo … only blacks moving out of Illinois.
The public education system is in deep doo-doo – and the children of Chicago are victims of the corrupt, inadequate, and union-dominated CPS.
Return to reading, writing, math, and science and skip all the other crap. The kids DESERVE a good education!
Build more schools!
Good to see Stacy has finally admitted a middling CPS education isn’t enough to keep Black families in Chicago. She’s all but said, “Can you blame them for leaving?!”
Lori shrieks. I knew it, acceptable teacher to student ratio! Soon CTU will be filing grievances about parking spaces and food desserts for the obese. Lori will bow to CTU when there are no students. No reason to pick a fight when you’ve been beaten.
Hmmm, these are still only estimates, not official cps enrollment #s. Also, i could be wrong, but i believe this is 1st year cps is including pre-k in enrolment total
CPS has included pre-K in its enrollment numbers for awhile now.
Wasn’t WBEZ telling us recently that declining enrollment is good because that means more money per pupil?
And the CPS Budget rolls ever upwards, all while the CTU says it isn’t enough.
Bankruptcy and contract nullification is the only way out of this mess.
Gee Whiz, will any CTU members get laid off like us real world private sector employees?
Will property tax payers actually get a rebate on CPS property taxes paid arising from right sizing the CTU and the reduction in their budget?
What say you Lori since you’re on the CTU s___ list?
of course…$28k spend by the taxpayers or so per student, and most cannot read or do math at grade level…IL politicians, as per usual, do nothing —-while these student lives are destroyed. why?