Adding an additional balance sheet liability to local districts will have a big impact on school bond holders. Suddenly the school districts will be severely in the red.
I do like the idea of more local control to control costs, but remember that most school boards are now controlled by teacher’s unions and former teachers. Without more voter interest in who gets on the boards..the game will continue.
We are originally from IL and have friends and family still there. The property taxes are already extremely high in many districts and the tax basis is shrinking..property values down and populations down. All and all IL is headed toward disaster. Chicago is a big part of the problem..and Rahm knows it.
The unions will control the schools until the schools have to close, which, in some cases may be a God-send.
Everyone wants their so-called “rights”, but very few are willing to take care of their “responsibilities”.