Chicago school officials say they're ready to cut $100-million from school budgets and force teachers to pay more pension costs. The teachers' union rejected the latest offer in the contentious contract negotiations that have lasted over a year.
Chicago Public Schools CEO Forrest Claypool says the union's rejection was "disheartening" and cost-cutting efforts are necessary without a deal. He says bargaining continues.
The district faces a $1-billion shortfall and recently laid off hundreds of central office employees.
The Chicago Teachers Union calls the move an "intimidation tactic" and says the latest offer didn't address school conditions or services.
Teachers in the nation's third-largest district went on strike in 2012. The union has again authorized the possibility. But the earliest a walkout could happen is May, considering the legal process.
