By W.J. Kennedy |
Nov 6, 2019
With junk credit and a broke city to fall back on, Chicago Public Schools (CPS) will have to cover the costs of a new teachers’ contract through higher property taxes. That bill will amount to an estimated $1.5 billion over the next five years, according to an analysis by Ted Dabrowski and John Klingner of Wirepoints. And, they say, the estimate is on the low side.