Credit rating agencies have warned Illinois’ credit could slide into junk territory if the legislative session ends in May without a budget deal to get the state’s finances back on track.
At a time when businesses are fleeing the state, a group of Chicago aldermen are attempting to revive the employer’s expense tax to bail out Chicago Public Schools.
A group of teachers in the Noble Network of Charter Schools are seeking union representation. Here’s what Noble teachers need to know before voting to unionize.
Teachers seeking union representation in the Noble Network of Charter Schools may want to think again. Unions cause more harm than good for both students and teachers. The Chicago Teachers Union provides an up close and personal look at the disastrous impact unions would have on charter schools.
Chicagoans have been burdened with a slew of new taxes and the full damage has yet to be felt. A state income tax hike, like the one proposed in the Illinois Senate’s so-called “grand bargain,” would only further harm struggling Chicagoans.
While states surrounding Illinois are enacting labor reforms that benefit residents, Illinois remains a bastion of labor power. Now the Chicago Teachers Union wants even more power – including the broadened right to go on strike and strand parents and students.
Illinois’ teacher pension system is structured to allow local school boards to agree to generous contracts, knowing taxpayers across the state will foot the bill. This system should change so that local school boards cover their own pension costs. That way, they will bear the full cost of salary increases they decide on, rather than pushing much of that cost onto unaware state taxpayers.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.