Chicago Teacher deal could lead to property tax hikes, school closings, layoffs

The Chicago Sun-Times reports:

Four years of up-to-the-limit property tax increases for Chicago homeowners and businesses. Closing scores of under-enrolled and underperforming schools. Thousands of layoffs of teachers and other school staff. More cuts to the central office.

That’s what could await the Chicago Public Schools, thanks to the tentative agreement between teachers and the district that is expected to put an end to the five-day teachers strike.

Great moments in a one party town! Chapter 9 bankruptcy could be closer than you think. Rahmfather: the property tax increaser.