Chicago Public Schools, Black
“The word bankruptcy has been hanging over Chicago like a storm cloud about to burst,” wrote American Enterprise Institute fellow Andrew G. Biggs, a federal overseer of Puerto Rico’s insolvency reorganization, in a recent New York Times commentary. Last year, Chicago’s official pension actuary issued a similar warning.
As many as seven Chicago-area schools had announced delays, closures or e-learning Tuesday due as a cold weather advisory continues.
Mayor Brandon Johnson’s administration is instructing the school board to move ahead on accepting the costs of a $175 million pension payment that has been a political hot potato between City Hall and Chicago Public Schools.
President Stacy Davis Gates and her caucus, which propelled Mayor Johnson into office, are being challenged by a group that says the current CTU leaders are closed to differing views.
The advisory and school closures comes amid extreme cold warnings for 11 states across the U.S., stretching from the Canadian border to Oklahoma and central Texas.
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