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JUST BEFORE THE MILD NIGHT HOUR

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THEY CAME TO AN AGREEMENT

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KECHING THE TEACHERS IN THE

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CLASSROOM.

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BRANDIS FRIEDMAN HAS BEEN

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FOLLOWING THE STORY AND WHAT IS

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IN THE CONTRACT?

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>> THERE WERE COMPROMISES ON

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BOTH SIDES SOME MIGHT SAY THE

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TEACHERS' UNION MAY HAVE COME

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OUT WITH AN EDGE.

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THE NEW CONTRACT IS BACK DATED

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TO JULY OF LAST YEAR AND IT ENDS

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IN JUNE 2019.

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TEACHERS WILL GET TO KEEP THE 7%

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PENSION PICK UP BUT NEW TEACHERS

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HIRED AFTER THE FIRST OF 2017

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WILL HAVE TO MAKE THAT

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CONTRIBUTION FOR A TOTAL OF 9%

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COMING FROM THE TEACHERS.

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BUT THE TEACHERS WILL GET A 3.5%

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SALARY INCREASE OVER THE BASE

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SALARY IN JANUARY AND 3.5% IN

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JEWEL OFFSETTING THAT 7%.

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TEACHERS DID GET INCREASES FOR

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EDUCATION AND SENIORITY STEPS

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AND LANES.

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RESTORED AND GOING FORWARD AND

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IN FISCAL YEARS 2018-2019

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TEACHERS RECEIVE COST OF LIVING

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RAISES OF 2 AND 2.5%.

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THOUGH MANY OF THE OFFICIALS

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WERE UP LATE LAST NIGHT WRAPPING

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THE DEAL UP WE CAUGHT UP WITH

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JESSE SHARKEY WHO SAID THE UNION

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SHOULD NOT HAVE HAD TO COME THIS

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CLOSE TO A STRIKE TO GET THE

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DEAL MADE.

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>> PARENTS AND TEACHERS WERE

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ARTICULATE WE SHOULD NOT

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BEHOLDING POCKETS OF MONEYER

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MARKED FOR DEVELOPERS IF

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EDUCATION IS A PRIORITY MOVING

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THAT MONEY TO THE SCHOOLS AND WE

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ARE HAPPY TO SEE THEM DO IT.

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I WOULD LIKE TO SEE THEM

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CONTINUING DO IT AND BE

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TRANSPARENT.

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THEY PUT IT ON THE WEBSITE ABOUT

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WHAT THEY ARE DOING AND HOW THEY

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ARE SPENDING THAT MONEY AND

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COMMITMENT TO LEGISLATION THAT

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WOULD FORCE THEM TO KEEP DOING

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THAT INTO THE FUTURE.

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>> PARTS OF THE CONTRACT WERE

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NOT ABOUT COMPENSATION BUT THE

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QUALITY OF THE SCHOOLS.

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THERE IS A CLAUSE ADDING A

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TEACHERS AIDE TO KINDERGARTEN-2.

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SOME OF THESE ARE NOT STRIKABLE

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DIFFERENCES AND A LABOR

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EDUCATION PROFESSOR EXPLAINS THE

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UNION USED THE CONTRACT TO MAKE

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CHANGES MADE BY THE POLITICAL

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PROCESS.

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>> YOU WOULD NORMALLY THINK OF A

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LEGISLATURE OR CITY COUNCIL AS A

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MECHANISM FOR PUTTING MORE

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FUNDING INTO A SYSTEM THEY NEED

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THE MONEY BUT THEY USED THE

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COLLECTIVE BARGAINING PROCESS TO

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FIND $88 MILLION WITHOUT RAISING

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PROPERTY TAXES.

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THAT IS A CREATIVE USE OF THE

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PROCESS THAT THEY SHOULD BE

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COMPLIMENTED ON.

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AND THIS CONTRACT LANGUAGE OR

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THE SIDE LETTERS THAT ADDRESS

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SCHOOL CLOSINGS, AND

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PARTICULARLY CHARTER SCHOOL

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CAPS.

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>> AND THE DISTRICT MADE GAINS

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AS WELL.

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THE PENSION PICK UP WILL BE

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PHASED OUT BUT OVER MORE TIME.

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AND THE BOARD WANTED A FOUR-YEAR

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CONTRACT WHICH THIS IS AND

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TEACHERS DID AGREE TO AN

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INCREASE IN HEALTHCARE

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CONTRIBUTIONS AND IT COULD SAVE

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THE DISTRICT $58 MILLION.

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>> YOU SAID SOME PEOPLE

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PERCEIVED THAT THE UNION GOTTEN

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AN EDGE IN THE CONTRACT.

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HOW MUCH IS THIS GOING TO COST

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THE DISTRICT?

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>> THAT IS THE QUESTION.

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SO THOUGH THERE IS A CONTRACT

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CPS IS NOT OUT OF THE WOODS THE

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DISTRECT WOULD HAVE SAVED

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MILLIONS ON THE 7% PENSION PICK

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UP.

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THE DISTRICT WILL BE RECEIVING

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88 MILLION FROM THE TIF SURPLUS

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BUT HOW MUCH MORE DOES IT NEED

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TO MEET THE OBLIGATIONS WITH

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CPU?

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>> THE CHICAGO PUBLIC SCHOOLS

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ARE IN BIG FINANCIAL TROUBLE

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THEY DID NOT BUDGET ANYTHING FOR

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ADDITIONAL SPENDING AS A RESULT

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OF THIS BUDGET THEY HAD BUDGETED

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$30 MILLION IN SAVINGS.

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AND THAT IS A BUDGET THAT IS

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ALREADY OVERRELIANT ON THINGS

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COMING FROM SPRINGFIELD THAT

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HAVE NOT BEEN SETTLED LIKE THE

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PENSION REFORM L REFORM.

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THEY WILL HAVE TO MAKE CHANGES

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IN THE NUMBER OF EMPLOYEES ARE 0

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THEY WILL HAVE TO GET ADDITIONAL

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FUNDING FROM THE STATE WHICH IS

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PROVEN TO BE VERY DIFFICULT.

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IT IS A BIG QUESTION MARK AND WE

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DON'T KNOW THE FULL CAST OF THE

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CONTRACT YET.

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>> AND IN A STATEMENT FROM CPS

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THE SPOKESPERSON SAID QUOTE...

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AND MORE SPECIFIC DETAILS OF THE

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CONTRACT ARE AVAILABLE ON THE

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WEBSITE AND IT HAS TO BE