Thursday, June 02, 2016

Chicago Public Schools won't open without state funding

The Chicago Tribune reports:
Chicago Public Schools won't open in the fall if state government fails to approve an education budget, CPS chief Forrest Claypool said Wednesday.

"Chicago schools would not open, and I suspect most of the schools in the state would not open," Claypool said in a telephone interview a day after divisions among Democrats who control the House and Senate prevented passage of a school funding plan before the end of the legislative session.

CPS is low on cash and has "no ability to access capital markets" because of its junk credit ratings, Claypool said. Many statewide school districts face their own financial woes and likely would face the same predicament if the state fails to provide funding, Claypool said.

"Even those that might open could probably only do so for 30 days or 60 days," he said.
Even Common Core math can't save the government schools in Chicago.