Union leader says schools has fake fiscal crisis


Share
Originally Posted Online: Jan. 28, 2013, 11:13 pm
Last Updated: Jan. 28, 2013, 11:42 pm
Comment on this story | Print this story | Email this story

CHICAGO (AP) — The Chicago Teachers Union says an audited budget for the last school year showing an extra $344 million indicates the city's school district has manufactured a fiscal crisis.

However, Chicago Public Schools officials say the money is budgeted for the current school year. They say the money appears on last year's books thanks to Cook County sending out property tax bills on time for a change.

The Chicago Sun-Times reports (http://bit.ly/WtLGyL) union president Karen Lewis contends the school district always understates revenue while over-projecting spending. She says months after the budget is drafted, the final audited versions typically show a smaller financial hole.

CPS spokeswoman Becky Carroll says the $344 million turned up because of early payments by the state and county governments. The district projects a $700 million deficit.














 



Local events heading








  Today is Tuesday, July 22, the 203rd day of 2014. There are 162 days left in the year.

1864 -- 150 years ago: Everybody is invited to go on a moonlight excursion next Monday evening on the steamer New Boston. The trip will be from Davenport to Muscatine and back.
1889 -- 125 years ago: The mayor and bridge committee let a contract to the Clinton Bridge company for a $1,125 iron bridge across Sears canal near Milan.
1914 -- 100 years ago: Injunction proceedings to compel the Central Association to keep a baseball team in Rock Island for the remainder of the season were contemplated by some of the Rock Island fans, but they decided to defer action.
1939 -- 75 years ago: The first of the new and more powerful diesel engines built for the Rock Island Lines for the proposed Chicago-Denver run, passed thru the Tri-Cities this morning.
1964 -- 50 years ago: The Rock Island Rescue Mission is negotiating for the purchase of the Prince Hall Masonic Home located at 37th Avenue and 5th Street, Rock Island.
1989 -- 25 years ago: Quad Cities Container Terminal is being lauded as a giant business boon that will save several days and hundreds of dollars on each goods shipment to the coasts. The Quad Cities Container Terminal is the final piece of the puzzle that opens up increase access to world markets, Robert Goldstein said.








(More History)