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Chicago Public Schools sinks $1 billion deeper into debt

MARCH 28, 2018 | by Chris Butera | CHIEF INVESTMENT OFFICER

“… 'We are aware of our obligations, and we will continue to meet our obligations for all of the pensions. But I think the biggest plan is to continue to lobby for additional funding to support our schools,' Chicago Public Schools CEO Janice Jackson told the Tribune. The CPS had previously arranged an agreement with the state that deferred its annual pension payments, but once the fund’s health waned due to the deal, the fund has had trouble maintaining its obligations. …”

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