Monday, June 20, 2011

School board president seeks to raise funds

He was on FOX Chicago Sunday. David Vitale is also the Chairman at Urban Partnership Bank:
Chicago homeowners will see a property tax increase for the public schools this fall.

Estimating it would raise about $140 million, the new President of the Board of Education David Vitale said schools need the money desperately, despite the Board's recent decision to cancel a pay raise for union workers. That would save about $100 million.

“The school system does have a capability of increasing taxes up to the rate of inflation,” Vitale said. “In fact, the prior school board passed a resolution that would, in fact, put that in place.”

Vitale also indicated the board may have to eliminate some popular school programs, in order to avoid increasing class size.
You can watch Vitale's segment above or click this link to view the video.

No comments:

Post a Comment

PLEASE READ FIRST!!!! Comment Moderating and Anonymous Comment Policy

While anonymous comments are not prohibited we do encourage you to help readers identify you so that other commenters may respond to you. Either read the moderating policy for how or leave an identifier (which could be a nickname for example) at the end of the comment.

Also note that this blog is NOT associated with any public or political officials including Alderman Roderick T. Sawyer!