Emanuel’s plan to borrow $389 million for CPS is already under fire

By Fran Spielman

Mayor Rahm Emanuel’s “gimmicky” plan to let the Chicago Public Schools borrow $389 million secured by late block grants owed by the state came under fire Friday from financial experts and the City Council.

Top mayoral aides have called the loan against $467 million in overdue state grant payments the least [READ MORE HERE]

Source: Sun Times

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