Money is the top item on the agenda at Wednesday’s Chicago Board of Education meeting. With the public schools facing a billion-dollar shortfall, board members are convening to vote on two measures to head off a fiscal catastrophe. The first has to do with short term: a vote to authorize $200 million in new borrowing to get the district through the rest of June. The second is long term - or at least a little more long term – a vote to a billion-dollar line of credit to shore up the financials for another year. Better Government Association Senior Investigator Sarah Karp walks us through what happened at the meeting and helps us assess how CPS is doing when it comes to dollars and cents.
First Lady Michelle Obama gave the commencement address at King College Prep Tuesday night. The magnet school in Kenwood on Chicago’s South Side would have been the alma mater of Hadiya Pendleton, a 15-year-old girl who was shot and killed in a neighborhood park one week after she performed at President Obama’s second inauguration in 2013. Since Pendleton’s death, Mrs. Obama has kept in touch with students at the school. WBEZ’s Natalie Moore attended the First Lady’s address last night and joins us now. Also, our weekly dose of soul music.
North Lawndale College Prep is creating a financial endowment called The Phoenix Pact to help its students pay out-of-pocket college costs. The initiative partners with universities that have high graduation rates for low-income and minority students.