- Chicago taxpayers dodged a fiscal bullet when an independent arbitrator awarded rank-and-file police officers a ten percent pay hike over five years — their smallest raise in nearly three decades.
Then she tosses in this line:
- But the pricetag is still a whopping $375 million — $160 million of it for retroactive pay.
The city plans to finance the back pay portion by issuing $160 million in so-called commercial paper, a short-term line of credit retired by general city revenues.
- Chicago Public Schools officials revealed Friday that they plan to borrow up to $800 million to pay their bills -- even as they pledged to give teachers a promised 4 percent pay hike, a move designed to head off a strike.
No "dodged a bullet." No "whopping" borrowing, even though the CPS total is more than double the police numbers.
It's almost like Fran is grinding an axe for the mayor with some slanted reporting while Rossi plays off the enormity of the CPS costs. Hmmmmm.
It's almost like Fran is grinding an axe for the mayor with some slanted reporting while Rossi plays off the enormity of the CPS costs. Hmmmmm.
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