According to a report in today’s Chicago Tribune, CPS officials have asked several charter operators if they would be willing to take over some of the 80 to 120 under-enrolled or poorly performing schools that the district is planning on closing next year. Among the names mentioned are the United Neighborhood Organization (UNO) and the Noble Network of Charter Schools....
Last week, Citizens Against Government Waste, or CAGW, named Gov. Pat Quinn their September “Porker of the Month.” This monthly “award” is given to politicians and public officials who have “shown a blatant disregard for the interests of taxpayers.” As we’ve previously reported, Gov. Quinn’s fiscal year 2012 budget floated the idea of having the federal government guarantee the...
Last week, Moody’s Investors Service downgraded the credit rating of Chicago Public Schools. Today, it’s Fitch Ratings that’s downgrading CPS. The school district’s credit rating now sits at A with a negative outlook, the same rating given to Illinois, which has the lowest rating of all 50 states. According to Fitch, the downgrade was caused by the district’s deteriorating...
On Thursday, Moody’s Investors Service downgraded the credit rating of Chicago Public Schools. The school district’s credit rating now sits at A2 with a negative outlook, the same rating given to Illinois, which has the lowest rating of all 50 states. According to Moody’s, the downgrade reflects CPS’s weakened financial condition, caused primarily by the facts that:...
For the third straight month, Illinois' unemployment rate climbed. More than 9.1 percent of Illinoisans are now unemployed, a full percentage point higher than the national average of 8.1 percent, according to the Bureau of Labor Statistics.
A new Illinois Policy Institute analysis finds that adults with no spouse and living with children are most likely to live below the poverty line. Education matters just as much.