Crain's Chicago Business reports on Chicago's public schools :
While CPS enrollment has dropped roughly 10 percent between 2007 and projections for this upcoming year, total annual spending increased by a third over that same span, to a projected $6.48 billion.You might say public education just doesn't work in Chicago. No , you aren't a backward type if you don't support the status quo in Chicago.
In the same period, the total number of CPS employees is down 20 percent, with the steepest drop in the central office rather than in the classroom. But in a real-life version of whack-a-mole, central office staffing has a tendency to pop back up after each periodic purge. Meanwhile, the district's general obligation debt has soared to $7.7 billion from $4.1 billion, with interest rates as high as 9 percent.