Chicago Public School finances are “at the breaking point,” Mayor Rahm Emanuel said Monday, arguing the cash-strapped school district cannot afford to make a $634 million teacher pension payment due June 30 — at least not in full.Great moments of public education!
“If you make that pension payment in its completion, which has been done four years in a row for the first time in a long time … we could no longer make that payment and not have it impact the school building and the classroom,” the mayor said.
“This is the end result of decisions and no decisions made over 20 years. … While CPS has made great strides academically, they have postponed the impact of the financial situation from the classroom.”
Monday, June 22, 2015
Emanuel: CPS 'at the breaking point' unable to afford full pension payment next week
The Chicago Sun-Times reports:
