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Mon Feb 1, 2016, 10:01 PM

Chicago teachers' bargaining team rejects contract offer

Source: Reuters

World | Mon Feb 1, 2016 6:25pm EST

Chicago teachers' bargaining team rejects contract offer


A bargaining team for the Chicago teachers' union on Monday unanimously rejected a contract offer from the financially troubled city, raising the possibility of a strike and possibly causing a new embarrassment for embattled Mayor Rahm Emanuel.

The rejection means the union and Chicago Board of Education will enter a final stage of talks to avert a possible strike, which could come as early as May 23.

Chicago Public Schools officials had been hoping to relay positive developments on its teachers' contract to potential buyers of its $875 million of bonds expected to sell this week. On Friday, the district was hit with another downgrade of its already-junk rating.

The union said in a statement that the offer "does not address the difficult conditions in the schools, the lack of services to our neediest students or address the long-term fiscal crisis that threatens to gut public education in the city."

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Read more: http://www.reuters.com/article/us-chicago-education-idUSKCN0VA3FE

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