By Bill Ruthhart, includes “… Both Emanuel's administration and CPS did not respond to questions on what funds, what borrowing or what combination of the two the district tapped to fulfill the payment. In a brief statement, interim schools CEO Jesse Ruiz would only say that borrowing was involved. "We really don't have insight into how Chicago Public Schools came up with the money to pay this tonight," pension fund Executive Director Charles Burbridge said during an appearance on WTTW-TV on Tuesday night. "We want to make sure the checks don't bounce."…”
(Note: that $600 million payment was required to be paid yesterday, June 30th. See this related video we put together yesterday.)
Read the full article on: Chicago Tribune