The Chicago Teachers Union (CTU) is expected to propose a plan to address the Chicago Public School District's $500 million budget deficit. The CTU claims their revenue recovery package can generate over $1 billion in immediate revenue for the city and schools. Meanwhile, Mayor Brandon Johnson and the CTU are reportedly in favor of a $300 million high-interest loan to cover teacher raises and pension costs, despite opposition from Chicago Public Schools CEO Pedro Martinez.
CHICAGO — The Chicago Teachers Union is expected to propose a solution to the school district's budget shortfall . This comes as City Council members are expected to hold a special meeting to discuss the school board resignations and appointments Mayor Brandon Johnson selected to replace them.Teachers will announce more details about what they're calling a revenue recovery package.
Sources tell us Mayor Brandon Johnson and the Chicago Teachers Union are in favor of taking out a $300 million high-interest loan to pay for teacher raises and some pension costs.Johnson said this week he'll do whatever it takes to fund schools and pay for the CTU contract.
Ctu Budget Shortfall Chicago Public Schools Loan Mayor Brandon Johnson
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