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| This union leader is going to be out of her mind today as she realizes she killed the golden goose |
Rahm and other elected officials secretly love the idea. It gets them off the hook. The advantages are:
- The state will take over one giant cluster-f---.
- The state will probably take the school district bankrupt right away
- A bankruptcy filing will result in a prompt renegotiation of union contracts
- The bankruptcy will result in a redesign of the pension program (no, your existing pension will not be grandfathered)
- The takeover and bankruptcy will be a precedent for other municipalities and school districts that get into trouble. Chicago, Cook County, Harvey,
Advice to those about to retire..............take the lump sum. invest it yourself.
ReplyDeletemaybe they can get rid of those people getting the double pensions
ReplyDeleteAn administration trying to send a message that it is serious about cutting costs should not misplace 23,500 chairs, 5,000 desks and every book from the closed schools.
ReplyDeleteHere’s hoping all those supplies made their way to other schools, where they are being put to good use, and that this is nothing more than a failure by CPS bureaucrats to do the proper paperwork. Here’s hoping nothing was stolen. That’s the CPS line when asked — all this stuff was snapped up by other schools.
But, honestly, who knows?
CPS administrators are blaming bad record-keeping under former schools chief Barbara Byrd-Bennett, who resigned in disgrace last year after it was revealed she’d been taking kickbacks from contractors. But Emanuel hired Byrd-Bennett, so this one is on him, too.
A CPS spokeswoman says the district has “made strides to improve the asset management process” and will continue to make improvements.
Exposes about financial mismanagement never come at a good time for CPS, which is always hard up for money, though now more than ever. It drives the sympathy quotient among taxpayers way down.
Back in 1995, CPS claimed it no longer could afford even essentials such as toilet paper. Then a new CEO, Paul Vallas, came along and threw open the doors of a Southwest Side warehouse filled with unused stuff, much of it in its original plastic packaging. There were nine new pianos, two rowing machines, a Jacuzzi, 4,197 student desks, 8,749 chairs, copier machines, vacuum cleaners, air conditioners, lawn mowers and refrigerators.
Now, in 2016, CPS’ finances are so bad there is talk of bankruptcy. Standard & Poor’s last week downgraded the district’s debt status two notches. Schools CEO Forrest Claypool has gone hat in hand to Springfield to beg for increased state funding. And the Chicago Teachers Union is threatening a strike. Yet the mismanagement has continued.
CPS’ latest wasteful ways — or, at minimum, sad exercise in mismanagement — were detailed in Sunday’s Sun-Times by Better Government Association reporter Sarah Karp. She reported that CPS also could not provide a dollar value for the equipment from the closed 50 schools, and noted that CPS has yet to document any savings from closing the schools.
“Image means a lot,” Vallas said in 1995, and wasteful mismanagement just “creates an atmosphere of public cynicism.”
This is truer than ever today.
The corruption and incompetence at CPS is incalculable.
DeleteThen city residents will only have to bail out one set of teachers pension (state) rather than 2 (state plus city). Saving city residents an additional tax increase enema from Rahm down the road.
ReplyDeleteMost CPS teachers are unapologetic communists.
ReplyDeleteToo bad for them.
Good. I hope they fire half that union. Screw the CTU
ReplyDeleteRahm is 100% behind this plan.
ReplyDeleteI do believe I remember Karen screw loose Lewis organizing her far left union teachers to protest with the Black Lives Matter lefties. Too bad. Just because you don't like the free market...eventually economic realities wack you upside your head.
ReplyDeletedat union out of control
DeleteSad as it is, here we are in the land of good and plenty, we have destroyed everything. Our children will want because of our greed and incompetence.
ReplyDeletecpd and cfd will be next..along with rest of city unions..lift residency now!
ReplyDeletethey would most definitely love to do that. not lift residency but bankrupt them.
DeleteJust as well that the State take over. All layers of folks at CPS from the CEO down to the students have not a clue what education is about.
ReplyDeleteReformer after reformer comes in with foolish after foolish ideas. Some years back terrorist Ayers was a Deputy and his terrorist buddy Klonsky gave in-service to clueless H.S. teachers. The business community weighed in25 years ago and we got LSC's and they became patronage pig farms. The unions well look who's at the top. The contract,however is useful to protect tenured teachers from ding-a-ling principals. Teachers have to enforce it on their own because the goofs at the union office are useless. The system suffers from politics like every other public organization in our city/county. When politics dominate out come the ass-kissers. Sounds like treason,but I gotta tellya vouchers would save the city,but with a means test say 5K for poverty to 2K per kid for household incomes of maybe 85K. Madigan,Cullerton both
parochial trained and Rauner would go for it. Loosers overpaid fat cats at CPS. Check with Heartland Institute FYI.
For the good of the children, this teachers union has to be broken.
DeleteCPS teachers union is not what a union is supposed to be about.
DeleteNeither is AFSCME
DeleteWhat does it matter?
ReplyDeleteCan we get something done about all the sour milk being sold to us these past few weeks by local retailers. Where is the Board of Health anyway.
ReplyDeleteIf they were real serious about solving CPS's problems they would end this sanctuary city bullshit! Why these Communist Demoncrats ever thought that it should be the city of Chicago's taxpayers backs to educate hundreds of thousands of illegal aliens at a cost of hundreds and hundreds of millions of dollars per year for democratic votes is criminal. They would be running yearly surpluses if that were not the case. oh yeah and where is all that lottery money at I'll tell you where it's at its going for educational programs but for educational programs in prisons...right were these politicians should be!
ReplyDeleteI saw on Channel 7, who interviewed a Univ of Chicago professor who teaches bankruptcy law that the CPS can not file for bankruptcy as long as paying it's bills. He stated that it's easier to file for personal bankruptcy. It will be much harder for the CPS to file
ReplyDeleteOH wow. Univ of Chicago, he must know. Obama taught there too. Oh wow.
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