Here a Tax, There a Tax
- Chicago taxpayers will be on the hook for at least $100 million more under the tentative deal that averted a strike by Chicago Public Schools teachers compared with a January proposal shot down by the union, according to the attorney for the Chicago Teachers Union.
Despite a demand from the Civic Federation to come clean, CPS officials and Mayor Rahm Emanuel’s administration refuse to spell out the cost to Chicago taxpayers who have already have been hit with $1.2 billion of new taxes to solve the pension crisis at the city and the public school system.
“I would say this deal has about $100 million more in it,” said Robert Bloch, a longtime attorney for the Chicago Teachers Union who was at the bargaining table late Monday when a strike was averted minutes before a midnight deadline.
Bloch thought the difference could be even larger over the entire four-year agreement “but CPS finances are so opaque, it’s hard to know exactly what they’re spending, what the cost is.”
And since the CPS is a separate taxing body, transparency is not going to be coming any time soon, not over another $100 million.
Labels: money questions