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The Latest Breaking News from Ralph Martire

The time has come for real solutions to Illinois and Chicago’s grossly underfunded pensions

The five state pension systems collectively have a staggering unfunded liability of $139 billion, and Chicago’s unfunded liability of $35.4 billion.

Chicago Sun-Times

With affirmative action gone, states have a duty to eliminate inequity in public schools

Illinois, for instance, has over-relied on local property taxes to fund K-12 education, effectively tying educational quality to local property wealth that is markedly lower in segregated Black communities.

Chicago Sun-Times

Invest in Kids is a school choice program worth keeping

A Loyola University Chicago Law School professor defends the program as a cost-saving alternative that provides lower-income families with the option to attend Catholic schools if they choose.

Chicago Sun-Times

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Understanding faculty strikes at Illinois public universities, DNC eyes the UC and more in your Chicago news roundup

Today’s update is about an eight-minute read that will brief you on the day’s biggest stories.

Chicago Sun-Times

What’s driving all the faculty strikes at Illinois public universities?

State spending on higher education was cut nearly in half over 20 years after adjusting for inflation, setting the stage for today’s labor strife.

Chicago Sun-Times

Chicago’s next mayor will face deep financial problems, massive deficits and a pension hole

CHICAGO — On the campaign trail, both mayoral candidates paint sweeping visions of a shinier, more prosperous Chicago under their watch.

Chicago Tribune

Runoff campaign: Vallas’ and Johnson’s pension, property tax plans underwhelm fiscal experts

Brandon Johnson is proposing a slew of new revenues, mostly new taxes on big businesses. Paul Vallas promises to use budgetary acumen to work within the existing budget’s bounds. Neither plan is failsafe, experts say.

Chicago Sun-Times

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Chicago should be talking about its big pension problem

All four pension programs are vastly underfunded. There’s no meeting of minds around resolving the issue. But Chicagoans deserve to hear more about solutions as the municipal election approaches.

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Tyler Pasciak LaRiviere

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Chicago State University

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