Bookkeeping Error?

The old saying goes:

• Never attribute to malice that which is adequately explained by stupidity.

But in the case of Chicago Public Schools, you can pretty much guarantee the opposite is true - they steal money hand-over-fist. And this time, Fata$$ is calling them on it becasue there is no money....anywhere:

• An oft-repeated $1.1 billion demand from Chicago’s mayor would actually wind up costing state taxpayers $5.5 billion. And Gov. J.B. Pritzker is turning a big thumbs-down.

  Chicago Public Schools made the huge mistake of putting a ton of temporary federal pandemic aid into its permanent spending base for years, and that money is just about gone.

  It also recently overestimated some state tax revenue. Mayor Brandon Johnson also dumped $170 million in pension costs onto the district from his own city budget, and the Chicago Teachers Union is asking for the moon in its contract negotiations. The end result is deficits as far as the eye can see.

  Johnson has suggested CPS borrow money in the interim, but he has said over and over again the state “owes” CPS $1.1 billion, and he wants the state to pony up.

  But does the state really owe CPS that much money? “No” is the simple answer.

The entire article is an example of shady accounting, "estimated" revenue inflow and outflow, property tax swindling and general mismanagement of funds. The more you read, the more pissed off you'll become.