Category Archives: Education

If Not SB 1, Then What?

Posted on July 30, 2017 by Steve Reick

As I said in my previous post, my problem with SB 1 is the fact that it provides for funding of the Chicago Public Schools’ (CPS) normal pension cost within the framework of a bill that’s supposed to focus on … Continue reading →

Posted in Education, Illinois Budget, Public Pensions | Tagged , , | Leave a comment

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

Posted on July 29, 2017 by Steve Reick

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

Posted on July 28, 2017 by Steve Reick

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 →

Posted in Education, Public Pensions, Public Sector Unions | Tagged , , , , | 2 Comments

Creative Destruction in Education

Posted on September 4, 2016 by Steve Reick

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

Posted on October 2, 2015 by Steve Reick

“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 →

Posted in Education, Property Taxes | Tagged , , , | 2 Comments