Illinois teachers unions has rigged Title 1 education money earmarked for the poor. Illinois has law that lets them take up to 35% of title o` funds and stuff their pension bank. Np other states do this.
So what happens when the Kanosians get their infrastructure spending? All the state governments will use the money to transfer pension debt to federal taxpayers, nothing of substance is built.
Illinois’ most impoverished school districts have lost millions of dollars to a scheme intended to shore up the state’s monumentally underfunded teacher pension reserve.
And it’s about to get worse.
Unlike their counterparts in other states, Illinois school districts pay a steep premium to the Teachers’ Retirement System, or TRS, if they use Title I federal money to hire teachers.
Madison record Districts are assessed 36.06 percent of salaries paid with federal Title I funds, and that is set to increase to 38.54 percent for the 2016-2017 school year. By comparison, the rate for a district not using Title I money is and will remain 0.58 percent.
So a district using Title I money to hire a teacher at $50,000 a year would fork over $19,270 to TRS, but the tab for a district paying a teacher the same salary out of state and local funds would be $290.
To paraphrase U.S. Rep. Robert Dold, taxpayers from across the nation are pouring vast sums into Illinois’ teacher pension-debt quagmire. And the biggest losers? The very ones the Title I money is intended to aid – low-income students.
“There’s no question we need to get the fiscal house in order in the state of Illinois,” said Dold, R-Ill. “But to try to do this by taking federal dollars meant to shore up some of the neediest school districts is the wrong approach.”
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