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everyonesfacts4usall Wrote: Sep 29, 2012 11:20 AM
To be a CPS teacher you must live in Chicago.
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restoreliberty Wrote: Sep 29, 2012 11:50 AM
Public employees don't pay taxes - public employees are paid by redistributed dollars from the private sector any funds withheld from their paychecks are paid by the private sector. Therefore, higher tax rates taken from public employees paychecks may decrease their take home pay but they are never paid out profits generated from public jobs.
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Sound financial management clearly wasn’t a concern to any party involved in the recent contract negotiations in Chicago Public Schools.
They were warned that new labor expenses might result in a credit downgrade for the financially-strapped school district, and they chose to ignore it.
Now it has comes to pass. The credit rating agency Moody’s has downgraded the school district for the second time in one quarter.
Moody’s wrote:
“The negative outlook reflects the school district's budgeted depletion of reserves to fund ongoing operations in fiscal 2013; the moderate additional unbudgeted salary costs of labor...
New Contract Earns Chicago Schools 2nd Credit Downgrade – In One Quarter