
Top Posts This Week 12/8/18 #REDFORED
Posts This Week 12/8/18




Chicago Public Schools officials are digging out from another Barbara Byrd-Bennett scandal, three years after the former CPS CEO departed the district in disgrace. -- Chicago Tribune
Camelot CEO Andrew Morrison said in a statement. “We are proud of our track record over the past seven years and of the achievements of our students." -- Unsolicited confessionThe top line above is from a July 31st Tribune editorial called, "The end of Camelot at CPS". Camelot is a network of privately-run alternative and charter schools that serve "at risk" students. Their owners have fleeced Chicago Public Schools for more than $67M in bid-rigged contracts over the past decade.
GASB Statement No. 77, Tax Abatement Disclosures, requires state and local governments to disclose key information about their tax abatement agreements that has not been consistently or comprehensively available before. …Many state and local governments have tax abatement programs in place. These programs can have a substantial effect on the governments’ ability to generate revenue and their overall financial health. Without providing the kind of disclosures the GASB guidance will require, it can be difficult to determine the extent and nature of the abatements.



– Cheryl Ortega