Chicago Public Schools pension payment will increase by roughly $400 million due to the expiration of a temporary “pension holiday.” Local lawmakers knew this was coming but did nothing to prepare for the increased payment. The good news is there is a simple, responsible way to cut more than 30 percent of the increased pension...
by Josh Dwyer When Chicago Public Schools first announced that it was closing schools, the primary justification it gave was to save money – upward of $500,000 to $800,000 per school. It needed the money to address the looming pension cliff the city is facing next year. When people began questioning those numbers, CPS’s story...
Illinois students could soon benefit from scholarship money to help them find a tutor, attend ACT or SAT prep sessions, pay tuition, get special education services or assist with other academic needs. That will happen in Illinois only if Gov. J.B. Pritzker lets the state’s schoolchildren benefit from the Federal Scholarship Tax Credit program, established...