GLOBALES: Chicago school system plans to borrow up to $389 million
 Inicio > Internacionales | Publicado el Viernes, 19 de Mayo del 2017
GLOBALES: Chicago school system plans to borrow up to $389 million

GLOBALES: Chicago school system plans to borrow up to $389 million

Reuters / CHICAGO Chicago's cash-strapped public school system plans to seek up to $389 million in short-term loans to avoid closing schools early for the summer and to make required pension payments next month, the mayor's office said on Friday.

The fix will be secured through short-term financing against $467 million in delayed block grant funding by Illinois' fiscally paralyzed state government, which has not passed a full-year operating budget in 23 months.

Escalating pension payments have led to drained reserves, debt dependency and junk bond ratings for Chicago Public Schools.

The planned borrowing follows Republican Governor Bruce Rauner's veto in December of legislation that would have funneled $215 million in state funds to the nation's third-largest school system to help it make a required $721 million pension payment next month.

A school-funding overhaul that would direct more money to Chicago's schools passed the Illinois Senate this week but drew immediate criticism from Rauner's education chief, casting serious doubts on the measure's long-term prospects.

Absent any movement in the state legislature on school funding, Chicago Mayor Rahm Emanuel described the borrowing plans as a short-term bridge.

"While we work with state lawmakers on long-term solutions to Illinois' education funding challenges, in the short-term, (we) are doing what is necessary to keep our students in the classroom and on the path to a brighter future," Emanuel said in a statement.

Terms of the borrowing were not immediately known. The Emanuel-appointed Chicago school board expects to vote on the new borrowing authority at its May 24 meeting.

The grant money upon which the borrowing will be secured is part of $1.1 billion in state payments Illinois owes to more than 400 school systems. The state has been unable to distribute those grant payments because of the unrelenting budget stalemate.

The mayor's office said CPS expects to receive its allotment of state grant funds in "coming months." But Abdon Pallasch, a spokesman for Illinois Comptroller Susana Mendoza, said on Friday his office has no idea when the money will be disbursed.

Rauner's office did not have an immediate reaction to CPS's new borrowing.



(Editing by Chizu Nomiyama and Matthew Lewis)

GLOBALES: Chicago school system plans to borrow up to $389 million

Con Información de Reuters

http://entornointeligente.com/articulo/9999194/GLOBALES-Chicago-school-system-plans-to-borrow-up-to-$389-million-19052017/

Síguenos en Twitter @entornoi

Para mas información visite: Mundinews.com


En Apostilla Express ofrecemos servicios de notaria, apostillado, traducciones certificadas, redacción de documentos (Poderes, Documentos de Compra-Venta, Declaraciones Juradas, Fe de Vida, etc.)
http://www.apostillaexpress.net







Otras noticias de interés
Destacadas

Francisco Javier Velasquez VENEZUELA: Maduro nacionalizará a 10.000 colombianos
Francisco Velasquez Vinotinto Femenino con goleada histórica contra Bolivia en Copa América
Escuela Juana Sujo presenta "La Soberbia Milagrosa"  en la Sala Cabrujas de Los Palos Grandes
Victor Gill Ramirez <span style='display:none'>Porfiria Roberto Pocaterra Venezuela Rodgers//</span>
 Luis Szarán en el Foro Mundial Skoll de Emprendedurismo Social
Mejore la productividad de sus colaboradores con la movilidad laboral
Detallistas estaciones TOTAL  son reconocidos y premiados por sus logros
Francisco Velasquez <span style='display:none'>Roberto Pocaterra Venezuela Trevino//</span>
 Este viernes 13 habrá feria de empleo en Luque
Tomas Gonzalez Lacava reapareció en redes sociales luego de semanas de misterioso silencio
Tomas Gonzalez TSJ desde Bogotá dictó orden de captura contra Nicolás Maduro a Interpol
Fundación Yammine entregó donativos a 4 escuelas de fútbol
Elías Matta: Hay que abrir la industria petrolera al sector privado
Francisco Javier Velasquez #VidaFit 7 alimentos que te ayudarán a perder grasa abdominal

Mundo Oriental / Jesús Rincón EL TIGRE. Romel Roque, jefe del Distrito Sanitario Nº 5, informó que el pasado fin de semana, el hampa incursionó en las oficinas pertenecientes a ese...


Union Radio / WASHINGTON.- El vicepresidente estadounidense, Mike Pence, aseguró hoy que en su participación en la Cumbre de las Américas de Perú trabajará “estrechamente con los aliados de Latinoamérica para...


Union Radio / LA HAYA.- La Organización para la Prohibición de Armas Químicas (OPAQ) informó que ha pedido a Siria que “haga los arreglos necesarios” para el despliegue de un equipo...


Union Radio / CARACAS.- El presidente de la Casa Arturo Uslar Pietri, Antonio Ecarri , afirmó que está de acuerdo con la dolarización del país para comenzar a desmontar el sistema...

ATENCION: TODOS LOS CONTENIDOS PUBLICADOS EN ESTE SITE SON PROPIEDAD DE SUS RESPECTIVOS DUENOS, ENTORNOINTELIGENTE NO SE HACE RESPONSABLE POR LOS CONTENIDOS DE TERCEROS. CADA NOTICIA ESTA ASOCIADA AL MEDIO DE ORIGEN.
LOS AVISOS DE GOOGLE SON PROPIEDAD DE GOOGLE Y EN NINGUN MOMENTO GUARDAN RELACION CON LA LINEA EDITORIAL DEL PORTAL ENTORNOINTELIGENTE.COM