News / CPS Strike 2019

Breaking down the tax impact of the CPS strike

Posted On: Oct 18, 2019   |   Posted By: WGN TV

CHICAGO - Whenever Chicago Public Schools and the Chicago Teachers Union agree on a new contract, city taxpayers will foot the bill.
The conservative Illinois Policy Institute has been crunching the numbers on the financial impact of the strike.
Mayor Lightfoot has already agreed to raise the teachers' pay by 16%. It also appears there's a deal on smaller class sizes.
But the CTU also wants the district to hire more support personnel.
"The teachers' demands are unaffordable,” said Adam Schuster, with the Illinois Policy Institute. "They're out of line with economic reality and they're out of line with what the tax base can afford.”
To meet CTU's demands, the Illinois Policy Institute said the typical Chicago homeowner's property tax bill would rise by at least $235, while Mayor Lightfoot's offer would add $13 to the bill.
Mayor Lightfoot said if she agrees to everything the teachers want it would cost $2.5 billion per year.
"That would double the cost of the CTU contract agreeing to an extra $2.5 billion in...

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