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Posted: Wed Jul 01, 2015 1:18 pm
by Malcolm
Posted: Wed Jul 01, 2015 1:39 pm
by TheCatt
The interim CEO of Chicago Public Schools said Tuesday 1,400 jobs will be "impacted" after Illinois lawmakers failed to provide relief and the financially struggling district had to borrow money to make a $634 million contribution to its teacher pension funds.
Jesse Ruiz said in a statement that CPS must make $200 million in cuts, and he blamed Illinois lawmakers for "driving the district further into debt." Mayor Rahm Emanuel, speaking at a news conference earlier in the day, described the nation's third-largest district as being at "a breaking point."
Remember: It's always someone else's fault when you run out of money
Posted: Wed Jul 01, 2015 1:53 pm
by TPRJones
If it's true about how the state funds pensions for all other ISDs in the state but doesn't give a penny to CPS for theirs then the complaint has merit. I'm sure the state is setting all the rules about what has to be in those pensions and how much it will cost and then requiring CPS to foot the bill. Not ideal.
Posted: Wed Jul 01, 2015 4:20 pm
by GORDON
TPRJones wrote:If it's true about how the state funds pensions for all other ISDs in the state but doesn't give a penny to CPS for theirs then the complaint has merit. I'm sure the state is setting all the rules about what has to be in those pensions and how much it will cost and then requiring CPS to foot the bill. Not ideal.
Someone in the Chicago School system forgot to deliver their envelope to the correct person.
Posted: Thu Oct 08, 2015 3:55 pm
by Malcolm
Posted: Thu Oct 15, 2015 1:17 pm
by Malcolm
Might've come from Detroit.