Number of half-empty Chicago public schools doubles, yet lawmakers want to extend school closing moratorium – Wirepoints
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.
Exactly what Jim says — no bankruptcy allowed means no legal process allowed when the entity goes de facto bankrupt.
That’s even worse than allowing for bankruptcy.
“The only saving grace at the moment is that Illinois does not allow municipal bankruptcies.”
Why is Illinois’ prohibition on municipal bankruptcies a saving grace?