US EditionMayor: CPS should take loan to cover $175M pension contribution for non-teacher staff
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10 Articles
Chicago School Board stalls on $175M budget vote as teacher contract talks heat up
The Chicago Board of Education has delayed a vote on a budget amendment that would help fund a new labor contract for the Chicago Teachers Union (CTU) and cover a $175 million retiree pension payment.
Mayor: CPS should take loan to cover $175M pension contribution for non-teacher staff
CHICAGO (WGN) — It's a $175 million question: who should pick up the tab on a Chicago Public Schools pension contribution for non-teacher staff? Mayor Brandon Johnson’s administration is pushing hard for CPS to pay it, and they’re warning that if the city doesn’t get the funds before March 30, it might close its books on 2024 with a deficit. He recommends the school district take out a loan to cover the cost. "It’s no secret that we have been pu…
Johnson makes the case for school board to reimburse the city for $175M pension payment
“This board is going to be an independent body," Johnson said at his weekly news conference. "I don’t want to sound like my dad. But at some point, they’re gonna have to move out. That’s what this is. It’s a relationship that we have to disentangle."
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