Chicago Public Schools released a proposed $5.4 billion fiscal year 2017 budget Monday that relies on the assumption that the Chicago Teachers Union will approve contract terms it rejected last January. Complicating matters, neither CTU or CPS would publicly state what the anticipated deficit would be for the upcoming school year if the contract fails in negotiations, and CTU President Karen Lewis committed to rejecting the current terms.
“If the Board of Education imposes a seven-percent slash in our salaries, we will move to strike. Cutting our pay is unacceptable. And for years, the pension pickup, as the Board has called it, was part of our compensation package. This was not a perk,” said CTU President Lewis shortly after the tentative spending plan was released.