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City Hall to shift $55 million in costs onto Chicago Public Schools

OCTOBER 22, 2020 | by Cassie Burke, Eric Hegarty | CHALKBEAT

By Cassie Burke and Eric Hegarty, includes “… City Hall is asking its public school district to pick up $40 million in pension contributions to the city’s municipal employees fund …” (Note: The City of Chicago does not include the Chicago Public Schools in its “comprehensive” annual financial statements. Chicago justifies this treatment with “the City’s accountability for these organizations does not extend beyond making appointments and no financial accountability or fiscal dependency exists between the City and these organizations.”) 

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