Forrest Claypool likened Bruce Rauner to Donald Trump, accusing them of taking from the poor to benefit the rich. Claypool was accused of the same.
The borrowed money will help CPS make a $721 million payment due to the teachers’ pension fund on Friday and get the new school year started.
It’s another sign of the dire financial condition of the nation’s third-largest public school system, which for months has had a “junk” credit rating.
“It does look like there’s some advantage to being in a [charter management organization] when opening and operating new schools,” Woodworth said.
Chicago Public Schools officials say they will build a $75 million high school in Englewood and close four South Side schools.
CPS wants to convert National Teachers Academy elementary school into a new high school, paving the way for a new high school in Englewood.
The Illinois Senate has revived a plan that could strip Mayor Rahm Emanuel and future mayors of the ability to handpick members of the school board.