Breaking Down The Claims: CPS, The Teachers’ Union, And Money


PRESIDENT HAS TO SAY. JOHNSON STILL PLANS TO TAKE PART IN THE REST OF THE CONFERENCE. IT’S OFFICIAL. TOMORROW WILL MAKE THE 5TH DAY OF NO CLASS FOR CHICAGO PUBLIC SCHOOL STUDENTS WITH NEGOTIATIONS SEEMINGLY AT A STANDSTILL. NOT AN ITEM PASS BUT TALKS WERE ON THE THE BREAKDOWN TODAY. HOLDING TALKS UP? MONEY. NOW HOW MUCH THE UNION SAYS THERE IS VERSUS HOW MUCH CPS SAYS IT HAS TO GIVE. THERE’S A LOT OF FINGERPOINTING IN THIS LABOR DISPUTE BUT CLAIMS ABOUT MONEY GET MUDDY. NUMBERS SHOW BOTH SIDES HAVE VALID CLAIMS. THIS IDEA THAT WE’RE FLUSH WITH CASH AND SITTING ON IT AND NOT SPENDING IT ON THE THINGS THAT MATTER. Reporter: TO WHICH THE CHICAGO TEACHERS UNION CALLS BALONEY. THE NEGOTIATORS AT THE TABLE STARTED SAYING WE’RE OUT OF MONEY, THERE’S NO PLACES FOR US TO GO. Reporter: PRESIDENT SHARKY SUGGESTED NEGOTIATIONS ARE NOW IN LIMBO BECAUSE OF THAT LETTER, WITH UNION OFFICIALS INSISTING MORE DOLLARS EXIST FOR SALARIES AND SUPPORT STAFF. FOR INSTANCE, A SPOKESPERSON SAYS CPS IS NOW GETTING MORE MONEY FROM THE STATE. ABOUT $1.7 BILLION NEXT YEAR ACCORDING TO THE CENTER FOR TAX AND BUDGET ACCOUNTABILITY. CTU SAYS MOST OF THAT SHOULD GO TO SCHOOL. BUT A CPS OFFICIAL SAYS ONLY ABOUT $60 MILLION OF THAT IS NEW MONEY WHICH IS GOING TO SCHOOLS AND TEACHERS AND STAFF. THE UNION SAYS CPS SHOULD REFINANCE ITS DEBT. A CPS OFFICIAL SAYS IT IS REFINANCING DEBT WHEN POSSIBLE. MOST RECENTLY IN SEPTEMBER, SAVING $20 MILLION. BUT REFINANCING IS LIMITED BECAUSE OF CPS’S JUNK BOND STATUS. CTU LEADERS SAY SCHOOLS SHOULD BE GETTING MORE THAN THE $21 MILLION IT MOST RECENTLY RECEIVED IN TAX INCREMENT FINANCING OR TIP SURPLUS MONEY. A CPS SPOKESPERSON SAYS THAT’S OUT OF THE SCHOOL BOARD’S CONTROL. THERE IS A FINITE POT OF MONEY. WE DON’T HAVE AN UNLIMITED CASH TO KEEP FUNDING THE THINGS, MAYBE THINGS ON VALUES WE SHARE. WE HAVE TO LIVE WITHIN OUR MEANS. THAT’S WHAT THE TAXPAYERS EXPECT OF US. THAT’S WHAT WE’RE GOING TO DO. A CPS SPOKESPERSON SAYS MORE THAN $700 MILLION A YEAR STILL GOES TO PENSIONS. THOSE DOLLARS ARE EARMARKED FOR THAT PURPOSE AND IT STILL DOESN’T MEET THE DISTRICT’S TOTAL PENSION OBLIGATION. AS FOR CONTRACT TALKS, MORE REAL

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