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Marion69 Wrote: Sep 29, 2012 8:57 AM
You may well be right. For certain they did not want rampaging teachers demanding more money as it got closer to election day for "the one".
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auntiesamm Wrote: Sep 29, 2012 12:44 PM
Whether intended or not you have coined a new word: CAMPAGING. Defined as a mob mindset using campaign rage to make matters even uglier. I did not hear an intelligent, civilized statement from one single person interviewed & "campaging" for pay increases. Watching the mob on TV news made me realize how deficient Chicago (and many other cities) are in providing well-educated, articulate teachers for our children. Are the majority of parents in Chicago who send kids to these school and actively support these union teachers that ignorant? No wonder only 50% or less of the students graduate. The teachers move on to private/charter schools where the kids get a real education and are prepared for college or a job where they are productive.
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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