Emanuel Outlines the $200 Million in Cuts; 1,400 Layoffs Confirm

LNC,

A day after making the massive pension payments of $634 million, the Chicago city and school officials explained the $200 million in cuts. The payment resulted in layoffs, downsized maintenance and reduction in transportation.

On Wednesday, Mayor Rahm Emanuel said that the payments won’t affect the class sizes and the school will open on time for the coming school year. He blamed the state legislators for pathetic situation. He added that the officials are considering the property tax increase.

The Chicago Public Schools, made the pension bill payments by borrowing the money and considering the cuts. The officials had to consider the cuts, as the state legislators rejected the proposal of extending the deadline for the payments for a long term solution. Before the deadline, Emanuel had proposed a 40-day delay to make the payment saying that it would give the officials some time to come up with a long term solution. But the House vetoed the plan.

The cuts included the layoff of 1,400 employees. The layoff includes 1,050 employees’ job elimination and 350 vacant position to be canceled. Chicago Public Schools Interim CEO Jesse Ruiz said that only few teachers will be affected by this layoff as most of the layoffs would be of the support and central office staff.

The cuts will be affect the new teacher development programs, startup funding for new charter and alternative schools and elementary school sports teams and coaches. The funds for transportation… MORE

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HEADLINES

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SPORTS

Penguins acquire Phil Kessel in 7-player trade with Leafs

Cesar Tordesillas - 4E Sports Contributor

Pittsburgh, PA, United States (4E Sports) - The Pittsburgh Penguins acquired the services of star winger Phil Kessel in a seven-player trade with the Toronto Maple Leafs.

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Business

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Macy's Stops Selling Trump Brand Clothing

Cesar Tordesillas - 4E Sports Contributor

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