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Quick Hit
by Ellyn Fortino
7:11pm
Tue Jun 30

CTU, Allies Protest Outside Municipal Bond Conference, Call For Progressive Revenue Options (VIDEO) (UPDATED)

While the Bond Buyer's Midwest Municipal Market Conference was being held Tuesday at the InterContinental Chicago hotel on Michigan Avenue, over a dozen Chicago Teachers Union (CTU) members and their allies protested outside the event this morning.

Holding signs reading, "CPS: Broke on Purpose," the education activists were there to highlight controversial financial deals the Chicago Public Schools (CPS) has with banks and to call for fair-share revenue options to help tackle the school district's pressing fiscal issues.

Those at the protest, spearheaded by the Caucus of Rank and File Educators (CORE), marched in a circle chanting, "Fat cats profit and kids come last. Who pays taxes? The working class."

"There's been numerous long-term financial deals, bond deals, swap deals that have put CPS under a heavy burden of debt," explained CTU organizer Martin Ritter. "They've got bad financial advisers. Many of them are at this conference."  

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