• gretar4
• Business , Chicago News , City Budget Council Meeting , Conspiracies , Conspiracy and World News , Education , LAW & ORDER , Uncategorized , Washington Politics , World News
• January 25, 2025
• 237 views

Chicago schools to take $400M advance from revolving credit, Even Amid Possible Strike!

The Chicago Board of Education tapped $400 million from its short-term revolving credit agreements with Bank of America and PNC Bank! Read More At Crains Chicago. CHICAGO (WLS) — The potential of a teachers strike is moving closer to reality in Chicago. Chicago Public Schools and the teachers union are reaching a stalemate in negotiations. Chicago teachers are no strangers to strikes: The last three contracts with Chicago Public Schools landed after the teachers walked off the job. “To force our hand to take a strike vote is a very cruel and mean joke,” CTU President Stacy Davis Gates said. Davis Gates claims CPS CEO Pedro Martinez is deliberately stalling. “He is being a bully,” Davis Gates said. Martinez and his team deny they are stalling. “There is all this rhetoric and accusations that are not based on truth; we have more agreements today in contract than last two contracts,” Martinez said. Both sides have agreed to take the next step, which is a fact-finding: a path to a potential strike. Read More At ABC 7 Chicago. New CPS school board needs fiscal discipline, creative problem-solving There were hopeful notes at the swearing-in of 20 new board members, half of them elected. Now the hard work begins. We don’t envy the difficult job facing Chicago’s new Board of Education members, 20 of whom were sworn in on Wednesday. But we’re rooting for the board to succeed, especially in these tumultuous times. And the swearing-in at Chicago Public Schools headquarters provided plenty of hopeful notes, which we’re taking…