More on Chicago Bankruptcy Plan

Diane Ravitch's blog

Republican leaders are exploring a plan for a state takeover of Chicago public schools that would cancel the union contracts. This article in Crain’s Chicago Business Report has greater detail than previous linked headline.

“The Republican leaders of the Illinois House and Senate are stepping into the financial crisis at Chicago Public Schools, and it sounds like they’re proposing a solution that City Hall will not like.
“In a press conference scheduled for Wednesday morning, Senate GOP Leader Christine Radogno and her House counterpart, Jim Durkin, will propose legislation that would allow the state to take control CPS and potentially push it into bankruptcy, according to knowledgeable sources.
“The latter move — forcing the school system to reorganize, and in the process dumping its union contracts — has been strongly pushed by Gov. Bruce Rauner, but resisted by Mayor Rahm Emanuel. But the Radogno-Durkin proposal comes at a very sensitive…

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