Schools chief Forrest Claypool is taking steps to cut $100 million from schools, and eliminate pension pick-up in the next 30 days. The move comes a day after the union's bargaining team rejected a “serious offer” from the district.
On Wednesday, Gov. Bruce Rauner and Illinois Republicans put forward two radical answers to fix the serious financial problems at CPS: The state takes over the district, and allowing it to declare bankruptcy. Neither option is what city leaders want to hear.
While announcing a proposal to allow a state-appointed board to take over Chicago Public Schools, Senate GOP Leader Christine Radogno and House Republican Leader Jim Durkin say they're also considering a bankruptcy plan for the nation's third-largest district.