The financial picture at CPS remains about as clear as muddied spring flood waters. At isue is a lawsuit filed by CPS which asks that the money doled out to the city's teacher pension plan not count as funding for regular classroom education. The Illinois State Board of Education claims otherwise. CPS alleges that the manner in which schools and pensions are funded is discriminatory.
A Cook County judge will make his final ruling in the case on April 28th with regard to the city schools being able to receive immediate financial help from the state. Plenty is at stake here as the district is facing a $721 million June 30th pension payment in addition to figuring out the remaining length of the school year.
One thing is certain, even if the judge rules in favor of the district many financial problems will dog the system.
Dick
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