From State Rep. Allen Skillicorn:
I’m hearing a lot special interests spread misinformation about the so-called ‘Evidenced Based’ Education bill SB1. Groups like FundingILFuture.org keep saying SB1 doesn’t bail out Chicago pensions, but that isn’t true.
Posting these specific portions would help alleviate this misinformation campaign:
Is SB1 a Chicago Bailout? Read it for yourself and decide at: http://www.ilga.gov/legislatio
Page 356 (lines 16-24) is the language that allows CPS to artificially lower their local revenue by their unfunded pension liability.
Page 363 and 364 (line 4 on 363 through line 16 on 364) is the language that puts the Block Grant and the normal cost into CPS’ hold harmless.