Posted on 08/06/2013 6:16:22 PM PDT by Libloather
Mayor Rahm Emanuel on Tuesday defended the choices he has made on the Chicago Public Schools budget, but did not directly address reports that neighborhood schools will face deeper cuts during the coming year than charters or other kinds of schools.
CPS estimated classroom cuts in the upcoming budget to be about $68 million. But the Tribune found that the cuts to district-run neighborhood schools is more than $100 million for instruction and operations. CPS came up with its lower figure by including budget increases at charter and contract schools that in many cases saw enrollment rise and seats added.
Asked about the differences Tuesday, Emanuel initially laid the blame with Springfield's failure to deal with the school district's unfunded pension obligations. "Look, we have a challenge. That challenge is pensions," Emanuel said.
(Excerpt) Read more at chicagotribune.com ...
Little Stubby, the Rahmster Mayor, needs to suck it up and get back to the business of being a slick crook.....
Don’t waste this crisis!!!!
Quick - ban something and raise taxes.
In other words, the Tribune is shocked that schools who increased student enrollment are getting more cash and schools on the decline are getting less.
Most people STILL do not know why the pensions are a huge problem, so I explain it to them like this:
I will promise to take care of you for the rest of your life when you retire, if you give me $10,000 a year from now on.
But, I get to SPEND the money now, and then I will pay you out of whatever my current paycheck is when you retire.
They usually are horrified at this prospect.
They will demand that I put the money into a bank for them.
So I tell them that is EXACTLY what the govt. pensions are doing, only its worse because they don’t even have the $10K a year to put away for you, just the promise to pay out of existing tax revenue in the future.
Well Rahm will certainly leave his mark on Chicago .... sort of like the mark left on Detroit!
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