Illinois teachers are required to contribute 9% of their salary toward pensions, but many school districts “pick up” this cost – putting the pension burden on taxpayers.
The median Chicago residence paid $2,059 in property taxes just to support Chicago Public Schools in 2024, 62% more than they paid 15 years ago. More than half of a Chicago homeowners’ property tax bill now goes to CPS.
Chicago Public Schools was already projecting annual budget deficits in excess of $500 million in coming years. The new Chicago Teachers Union contract costs will grow the deficit to nearly $1 billion
With $18.5 billion of the city’s $52.4 billion shortfall driven by interest on pension debt, it’s clear Illinois’ largest city needs the state to pass constitutional pension reform.
Chicago Public Schools teachers hired before 2017 only pay 2% of the required employee contribution for their pensions. The other 7% is picked up by the district, costing $135 million in 2025.
The Chicago Teachers Union is encouraging students and staff to miss school for a political rally, which includes protests against McDonald’s restaurants and guacamole.
Deep-blue Illinois had President Biden to bail out the state’s and Chicago’s financial failings. Now city and state leaders have President Trump to blame for their financial failings. Eventually, taxpayers will be held responsible.
The new Chicago Teachers Union contract grows an education model that is failing students while attacking parents’ ability to choose alternatives. All that, at a higher cost.
The average Chicago Public Schools teacher will see their salary increase to more than $114,000 by the 2027-2028 school year. Just the raises will cost Chicagoans up to $1.25 billion.
The Illinois Federation of Teachers represents educators in 200 districts in Illinois. But just 26% of its spending in 2024 was on “representational activities” – what should be its core focus.