“The city of Chicago, which has the worst-rated credit of any major city in the country, and Chicago Public Schools, which has the lowest credit rating, are vulnerable to further financial downgrades,” said Lawrence Messel, president of the Civic Federation. , a government budget watchdog group. “If the goal here is to treat the CPS and the city of Chicago like all other cities in the state of Illinois and all other school districts, then you have to find a way to give about half a billion dollars to the city district.”
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