Amid Fiscal Collapse, Chicago Teachers Union Demands Pay Raises

[Originally published by Forbes]


The Chicago Public School system is in shambles, worsened by a combination of recent events. First is that CPS has received several credit downgrades, attaining that all-too-familiar Chicago characteristic: ‘junk bond’ status. Second is that CPS is dealing with a $480 million budget shortfall that it wants the also-broke Illinois state government to cover. Third is that Chicago’s school system, already facing academic failure, may cut staff and close facilities. And compounding all this is that CPS must deal with a Chicago Teachers Union (CTU) who, oblivious to reality, keeps demanding more for itself…[read the rest at Forbes]