Who killed the CPS pension extension bill?

  • Mayor Rahm asked for an extension on making a $634 million contribution to the underfunded Chicago teachers’ pension fund.
  • With extra time, the mayor said, he’d have enough property taxes on hand to pay the pension bill and still have money for basics, like regular janitorial service.
  • In any event, the extension looked like a sure thing since the state’s three most powerful politicians said they supported it.
  • He claims he needs the extension because he’s exhausted all other options for funding the public schools.
  • Especially when they’re low-income children of color, like so many of the students in CPS.

Source: Chicago Reader