How can CPS make looming pension payment and payroll? That's the 'magic question'

Chicago Sun-Times

This article covers the tough financial choices Chicago Public Schools is facing coming into the fall 2015 school year, including a $634 million pension payment. The Civic Federation discussed the District’s difficult options: severe budget cuts in order to make the payment, skipping the pension payment and violating the law, or seeking an emergency fix from the Illinois General Assembly.