Tuesday, June 30, 2015

CPS Waste, Exhibit C: Charter Payments [Update]

While the political stalemate drags on in Springfield between Mike Madigan, Rahm Emanuel, and Bruce Rauner, CPS's fate hangs in the balance. No matter the outcome, increasingly toxic comments will populate every article written about CPS, which boil down to: 1) teachers are greed crazed loons, 2) let the greedy bastards go bankrupt, and 3) fire all the greedy, lazy teachers.

At no point during this time has there been any discussion of what suppliers are doing business with Chicago and how much they're getting paid. 

Here are some payment highlights from the FY 2015 report (this report is no longer online, but a cached version can be viewed by cutting and pasting this link into your browser: http://web.archive.org/web/20150402185313/http://www.csc.cps.k12.il.us/purchasing/supplier_report_2015.xml).

Noble Street Charter School:                              $111,428,107.00

Chicago Charter School Foundation (CICS):         $88,695,497.00

UNO Charter School Network:                              $79,868,697.00

Youth Connection Charter School (YCCS):            $47,987,585.00

LEARN Charter School:                                        $28,308,409.00

Perspectives Charter School:                                $22,617,774.00                          

University of Chicago Charter School Corp.:          $16,637,216.00

Urban Prep Academies:                                       $13,332,826.00 

KIPP Chicago Schools:                                       $10,015,987.00

North Lawndale Charter School:                           $8,762,081.00

Chicago Virtual Charter School:                             $7,362,227.00

Concept Schools:                                                 $7,247,686.00

Total payments to listed schools:                     $442,264,142.00

Total overdue pension payment:                      $634,000,000.00

Payments to charters as % of overdue pension payment:  70%

Projected layoffs as a result of pension payment:  1,400 employees

This doesn't include payments to any charter raking in less than $5M, assorted other profiteers who are consultants, or various small-time kickback artists

This yearly spending is 70% of the overdue pension payment. It should be noted that as of April 2015 there are 13,000 empty charter seats.

Where are the calls for mass closures, investigations into who the money is really going to, and the accusations of the greed crazed loonies running these schools? In short, why is this spending going unchecked, while a constitutional obligation like a pension payment is suddenly debatable?

Update: Rahm Emanuel dutifully funded the pension obligation and directed more money to buddy Ken Griffin whose company, Citadel, manages a portion of CTU's pension. As a result, Emanuel projects 1,400 employees will lose their jobs with CPS.

The above questions still apply, and questions about mass closures and greed crazed loonies running our schools now apply directly to Jesse Ruiz and Rahm Emanuel. Their Wednesday press conference to explain exactly how all this happened will likely be an Orwellian display of epic proportions.

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