Chicago Board of Education unanimously OK’d hundreds of millions of new CPS borrowing — and a new procurement chief at $20K more than the former chief
The City Council’s Progressive Caucus demanded an accounting of city finances to determine whether there’s an alternative to the CPS loan plan.
The Chicago Board of Education takes up plans Wednesday to require all high school students to take chemistry and physics in addition to biology.
At Wednesday’s Board of Education meeting, “the board will consider a measure to provide additional borrowing authority of $215 million,” Bittner said
Top aides called Emanuel’s approach to funding CPS the least painful of the bad choices available; Ald. Ricardo Munoz compared it to a payday loan.
Ald. Carrie Austin says CPS money woes are fault of state budget stalemate: “Somebody needs to take [Gov. Bruce] Rauner by his neck and wring it.”
Sources said the new taxes Emanuel is exploring could raise $400 million to $600 million in annual revenue.