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
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
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.