CTU president Karen Lewis calls employee-pension contribution issue “strike-worthy” By Ted Dabrowski 08/10/2015 The president of the Chicago Teachers Union defied the school board to require teachers to pay more of their own retirement costs. TAGS: Chicago, CTPF: Chicago Teachers Pension Fund, Fitch Ratings, Karen Lewis, strike
Chicago and Detroit: Trading places? By Ted Dabrowski 07/30/2015 As Chicago slides toward insolvency, the Motor City is trending upward. TAGS: Chicago, credit rating, Detroit
Trashed again: Fitch joins Moody’s in declaring Chicago Board of Education credit ‘junk’ By John Klingner 07/28/2015 If the district can’t get its finances in order, expect more teacher layoffs, school closings and large tax increases on Chicagoans.
Hidden bill: Chicago taxpayers and the Windy City crisis By Ted Dabrowski 07/21/2015 Each Chicago household is on the hook for more than $63,800 in future tax bills – much of it for services already rendered. TAGS: sales tax
Growing tax burden will push people out of Cook County and Chicago By Ted Dabrowski, John Klingner 07/15/2015 City officials are pushing property-tax hikes, sales-tax hikes, and even a commuter tax and financial-transaction tax. TAGS: sales tax
Onslaught of Chicago debt downgrades continues By Ted Dabrowski 07/09/2015 The pension shortfall per Chicago household stands at $33,500 each. TAGS: Chicago, debt
School’s out of options: 7 things you should know about Chicago’s teacher pension system By Ted Dabrowski 06/25/2015 As contract negotiations heat up this summer, the facts are hard to stomach. TAGS: budget, contract, CPS: Chicago Public Schools, CTU: Chicago Teachers Union, education, pensions, taxes
Chicago’s idea for ending ‘unsustainable financial practices’? Billion-dollar borrowing By Ted Dabrowski 06/15/2015 The city’s long-term borrowing is akin to a Chicagoan taking on a mortgage to pay down credit-card bills she will never be able to pay off anyway. TAGS: Chicago
5 things you need to know about Chicago’s credit downgrades By Austin Berg 05/19/2015 Talk of the next Detroit rings truer now than ever before.
Corruption Watch: April 2015 By Shawn Tonge 05/08/2015 April saw two major players in Illinois education ensnared in charges of cronyism, among more than 60 other corruption-related stories. TAGS: good government