If an Illinois worker takes a pay cut during a recession, she knows the state isn’t going to take an even bigger chunk out of her paycheck. That’s because the state income tax rate stays the same. But if her home loses value, too, she could still see her property tax bill go up. Government...View Report
From 2013 to 2016, Chicago Public Schools purchased more than $250,600 worth of gift cards, most of which were meant for students and families. But CPS employees stole some of them, according to the inspector general’s office.
Forrest Claypool will step down as the head of Chicago Public Schools after the CPS inspector general recommended his firing.
In two separate deals with JPMorgan, CPS borrowed $387M to make a teacher pension payment at end of June and as a result of the deal, will accumulate at least $7M in interest.
Chicago Public Schools is faced with the possibility of closing school early while Chicago sits on massive property wealth.
A career teacher can expect to collect $2 million in benefits during his or her retirement.