The unions want teacher raises and no changes to pensions, but the city is broke and facing massive budget shortfalls. (cir-usa.org)
In a presentation to the school board Wednesday, CPS officials are expected to detail how rising costs; steep drops in local, state and federal revenue; and ballooning debt obligations will combine for massive budget shortfalls over the next... (articles.chicagotribune.com)
Across the country governors have spent the last two years watching their political capital evaporate amid massive budget shortfalls that have left them with two terrible options to balance budgets: raise taxes or cut services. (voices.washingtonpost.com)