#Hedgepapers No. 38- Larry Levy: Chicago’s Taxpayer-Subsidized Real Estate Tycoon

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RAHM’S PAL GETS SPECIAL SUBSIDIES AS SCHOOLS SUFFER The Chicago Public School system is struggling with a $1.1 billion budget deficit this year. Parents, teachers and students are suffering from inadequate resources, and are scared about the future. And as Illinois Governor Bruce Rauner continues to slash funding for public education, public school principals have again been asked to cut their spending, this time by $120 million system-wide mid-year[1] – and Chicago Mayor Rahm Emanuel is demanding that teachers accept $500 million in pension cuts.[2] But not everyone is suffering.... pdf button

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