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CPS budget relies on state cash that isn't there [ Chicago Public Schools]
Sun-Times ^ | 08/10/2015 | Chris Fusco, Natasha Korecki and Jordyn Holman

Posted on 08/11/2015 4:27:44 AM PDT by george76

Chicago Public Schools officials on Monday proposed a $5.7 billion operating budget for the upcoming school year that relies on $480 million in new funding from state government that might never come.

School leaders conceded the spending plan contains a mix of “unsustainable” borrowing and limited classroom cuts that they say they must begrudgingly make because of a $676 million payment for teacher pensions that’s due at the end of the school year.

There also are numerous fiscal wild cards in the mix, including budget adjustments that might ensue should CPS reach an agreement with the Chicago Teachers Union on a new contract. The teachers’ deal expired June 30, and talks on a one-year contract broke down last week.

(Excerpt) Read more at chicago.suntimes.com ...


TOPICS: Business/Economy; Culture/Society; Extended News; Government; News/Current Events; Politics/Elections
KEYWORDS: chicago; cpsbudget; publicschools; schools; teachers; teachersunion; union

1 posted on 08/11/2015 4:27:44 AM PDT by george76
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To: george76

And that makes them different from the Federal government, how?


2 posted on 08/11/2015 4:29:13 AM PDT by ShadowAce (Linux - The Ultimate Windows Service Pack)
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To: ShadowAce

the Federal government can print money.

Chicago can not.


3 posted on 08/11/2015 4:33:43 AM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: george76

OK—ya got me there. :)


4 posted on 08/11/2015 4:34:58 AM PDT by ShadowAce (Linux - The Ultimate Windows Service Pack)
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To: george76

CLearly it’s those evil teachers wanting their pensions that they contracted for - it could never be the administrative waste that goes on. Nope, never blame those in charge, who make the actual decisions and waste scandalous amounts of money on the dumbest crap.


5 posted on 08/11/2015 4:43:38 AM PDT by ReagansShinyHair
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To: ShadowAce

One point is still valid: both are financially out of control.


6 posted on 08/11/2015 4:44:40 AM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: george76

Maybe they ought to raise the taxes on the Pritzker Brothers.


7 posted on 08/11/2015 5:06:05 AM PDT by batterycommander (- a little more rubble, a lot less trouble.)
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To: batterycommander

Maybe they ought to quit spending money on a sick sex ed program.

http://illinoisfamily.org/education/shocking-sex-ed-material-in-5th-grade/


8 posted on 08/11/2015 5:31:38 AM PDT by Maudeen (A Sinner Saved by Grace)
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To: ReagansShinyHair

Administrators are simply never ever held accountable for anything. It’s crazy, but they get away with unbelievable things; harassment of staff, wasteful spending, lying, negligence, etc.

Just went through a horrible situation in our school. Innocent (Christian) teacher forced to resign and the lying harassing (leftist anti Christian) administrators go on as though nothing has happened. All this despite the fact that the state Department of Education found that even the complaints filed by the principal didn’t constitue any wrong doing. The principal has gotten rid of most of the Christian teachers in this school since she started 8 years ago.

Such is the reality of life-school administrators won’t ever face accountability. They control the narrative every step of the way.


9 posted on 08/11/2015 6:05:28 AM PDT by NorthstarMom (God says debt is a curse and children are a blessing, yet we apply for loans and prevent pregnancy.)
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To: george76

Everyone running for the Pittsburgh School Board had the same platform.

I will do a better job of begging Harrisburg for money than my predecessors.


10 posted on 08/11/2015 6:10:50 AM PDT by Buckeye McFrog
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To: Maudeen

Maybe, just MAYBE, we should return to market based solutions: like higher education, you pay for what you use.

Kill off the property taxes and family educates their brood as they see fit. Johnny wants to be a gear head? artist? ditch digger? Curtail the education to fit the ‘specialty’.

‘Schools’ would spring up overnight to take the load. Parents can hire/fire whom they think will do the best; not beholden to unions/politicians/etc.

‘Schools’ would hire/fire best that would bring in the $$ and kick out the unruly...since that’d effect their bottom line.

Yeah, pipe dream, I know.


11 posted on 08/11/2015 7:54:39 AM PDT by i_robot73 ("A man chooses. A slave obeys." - Andrew Ryan)
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To: NorthstarMom

My last school principal didn’t have $50 to get a new VCR (that the entire school used for indoor recess on snow days), but she had $600 for cake for ONE teacher’s meeting. I could go on and on. Seen great teachers falsely accused and run out, too.


12 posted on 08/12/2015 10:18:13 AM PDT by ReagansShinyHair
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