Podcast
Behind the Bastards
The report examines Paul Vallis's time in various school districts and exposes his budget balancing tactics.
And they wrote a report on on Valis's time in various school districts.
— Episode: It Could Happen Here Weekly 78
Episode: It Could Happen Here Weekly 78
The report examines Paul Vallis's time in various school districts and exposes his budget balancing tactics.
And they wrote a report on on Valis's time in various school districts.
So all right, let's let's talk about his pension scheme.
So in 1999, Valis was like, oh, hey, the Chicago pension system is funded, so we're going to take the teacher's money and use it to pay other budget shortfalls.
And the result of this is a nine point six billion dollar hole in the pension system that Chicago has to like pay off.
Valis literally borrowed against Chicago school children's futures when he took out a six hundred and sixty six million dollars in capital appreciation bonds.