Category Archives: Education

OK, Mr. Speaker, the Ball’s in Your Court.

Posted on August 2, 2017 by Steve Reick

The Governor has issued an amendatory veto to Senate Bill 1, and the gnashing of teeth and rending of garments has begun. Chicago Mayor Emmanuel, who’s staring into an abyss not completely of his own making but which is now … Continue reading →

Posted in Education, Illinois Budget, Property Taxes, Public Pensions | Tagged , , , | 1 Comment

Stand Down, Chicken Little. The Sky Isn’t Falling, Schools Will Open

Posted on July 30, 2017 by Steve Reick

Chicken Little is now running around saying the sky is going to fall (in the form of schools not opening on time) unless the Governor signs Senate Bill 1, or some other education funding bill that includes an “Evidence Based” … Continue reading →

Posted in Education | Tagged , , | 1 Comment

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