Category Archives: Education

Does SB 1 Bail Out the CPS Pension System? You Decide.

Everybody’s trying to explain how SB 1 bails out the Chicago Public Schools (CPS) pension system, and why the numbers are all over the board. Greg Hinz of Crain’s, who’s been really good at trying to make sense of this … Continue reading

Posted in Education, Public Pensions, Public Sector Unions | Tagged , , , | 3 Comments

Chicago Messes Its Bed, Then Asks Us To Clean It Up

The big issue in Springfield this week is the school funding bill, SB 1, which contains the new funding formula for schools. The governor claims, and he’s right, that the bill contains a provision that, in effect, diverts money from … Continue reading

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Creative Destruction in Education

People I’m talking to during the campaign tell me that property taxes are the top issue they want to see fixed in McHenry County. They all understand that the real driver of high property taxes is the cost of education. … Continue reading

Posted in Education, Federalism, Property Taxes | Tagged , , | 1 Comment

Education Part V: Property Taxes, the Well Has Gone Dry

“The State has the primary responsibility for financing the system of public education.” Constitution of Illinois, Article X, Section 1 Question: Why do property taxes keep going up? Answer: Because they can. Over the past several posts, I’ve discussed the … Continue reading

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Education Part IV: Poverty Grant and PTELL Subsidy, Why Do They Matter?

“The State has the primary responsibility for financing the system of public education.” Constitution of Illinois, Article X, Section 1 Until the turn of this century, the Foundation Level Grant was the primary component of state education support, and was … Continue reading

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