Chicago Public Schools

Saving Chicago: Pension reform without tax hikes

By John Klingner, Benjamin VanMetre
04/03/2014
Chicago politicians have exploited city-worker pensions for nearly two decades. They’ve used the city’s pension systems as slush funds and pension benefits as bargaining chips to further their own agenda, with seemingly no regard for Chicago’s fiscal health. Now those pension systems are nearly insolvent and the city is heading toward bankruptcy. Chicago is facing...

What Mayor Emanuel’s pension proposal does and doesn’t do

04/01/2014
Chicago Mayor Rahm Emanuel has reportedly struck a pension deal with city employees who are members of the Municipal and Laborers pension funds. The deal only affects half of the city’s workers. Firefighters and policemen, as well as its teachers, park and transit workers, are not included. The deal, which calls for a five-year, $750...

TAGS: pensions

Rideshare drivers and customers to Chicago City Council: don’t kill these jobs

03/31/2014
I don’t usually enjoy sitting through Chicago City Council committee meetings. The ones I’ve attended have typically involved aldermen blustering about how the city needs to ban, restrict or control one thing or another, with no regard for individual rights or economic sense. But last Thursday’s meeting of the council’s Committee on License and Consumer...

Madigan’s Chicago bailout

03/25/2014
Illinois House Speaker Michael Madigan is calling for another big tax hike – one that conveniently funnels hundreds of millions of dollars each year to his home district of Chicago. He and his legislative colleagues will have collected more than $31 billion in new tax revenues by the time the temporary tax hike sunsets in...

TAGS: income tax, Mike Madigan, millionaire tax

Saving Chicago

03/22/2014
Chicago and state politicians have ignored the city’s growing pension crisis for nearly two decades. But with the recent onslaught of credit downgrades, billion-dollar budget deficits and comparisons to Detroit, the city’s problem has become impossible to ignore. Chicago’s slide toward bankruptcy now threatens the city’s status as an economic powerhouse, as well as the...

TAGS: Chicago, Rahm Emanuel

Trapped in Illinois’ lowest-performing schools

03/18/2014
Can you solve the following math problem? Ninety-two percent of students in Illinois’ lowest-performing high schools struggle to solve problems like this one. Low-performing schools aren’t a Chicago-only phenomenon – the city is home to only 45% of the state’s lowest-performing elementary schools and high schools. More than half of the state’s lowest-performing schools are outside of...

TAGS: education, vouchers

Moody’s downgrade: Chicago’s path toward junk

03/05/2014
In what’s likely to be a chain of credit downgrades for some of Chicago’s sister governments, Moody’s Investors Services cut the city of Chicago’s credit rating to Baa1 from A3. That downgrade follows the rare triple-notch downgrade the city received last year from Moody’s as a result of the city’s growing and out-of-control pension debt. Excluding Detroit,...

TAGS: credit rating

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Chicago Forward 2026: A pro-growth plan to end city budget deficits

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.

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Diana Graham

Process for unionizing non-state workers raises red flags

By Paul Kersey
06/19/2014

CBS Chicago: Illinois’ highest-paid superintendent receives $400K per year to oversee 1,200 students

By Ted Dabrowski
05/02/2016