Another CPS Labor Concern.

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  • Additional Information
    • Subject Terms:
      FITCH Ratings Ltd. ; CHICAGO Public Schools
    • Abstract:
      "CPS spends approximately two-thirds of its general fund budget on employee salaries and benefits", Fitch said. Legislation giving CPS public school principals collective bargaining powers could add to labor pressures that may eventually weigh on Chicago Public Schools' rating, Fitch Ratings warned in a special commentary on the measure passed by lawmakers earlier this month. "While HB5107 will not affect CPS' rating in the short-term, CPS' ability to manage labor conflict could affect credit quality over time.". [Extracted from the article]
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