Ok, so I was getting asked about this the other day both in person and in the comments about why the pensions are really in such bad shape and what the latest GASB positions mean to the funds. GASB first. GASB Changes I did some poking around and the recent GASB...
Save. Save as much money as you can. Live well below your means. The pension time-bomb is coming. One of the most vexing problems for Chicago and its teachers went virtually unmentioned during the strike: The pension fund is about to hit a wall. The Chicago Teachers’...
The union and HuffPo object: Stand for Children is a non-profit education reform group advocating for the inclusion of standardized test scores in teacher evaluations, charter schools and decreased teacher union power. Over the past three years, the group’s...
Four years of up-to-the-limit property tax increases for Chicago homeowners and businesses. Closing scores of under-enrolled and underperforming schools. Thousands of layoffs of teachers and other school staff. More cuts to the central office. That’s what could await...
Striking Chicago teachers fear that once they approve a new contract with the school district and end their strike, Mayor Rahm Emanuel will go ahead with dozens of school closings because of falling enrollment and poor academic performance. via Reuters. Really? Well...