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Union warns charter operator insolvency could displace hundreds of students; board seeks plan
Summary
CTU representatives told the Chicago Board of Education an operator (Espira/Aspira) has announced insolvency and needs about $4.8 million to finish the school year; speakers urged cohort transfers and stronger renewal requirements while board members asked CEO King for a clear financial readout and a student-protection plan.
Union leaders and community speakers used the agenda review meeting on Feb. 11 to press the Chicago Board of Education for emergency planning after a charter operator told the city it could run out of funds mid‑school year.
Jackson Parler, who identified himself as CTU vice president, said the operator Aspira/Espira has declared it is “insolvent” and that “they need $4,800,000 to finish out the school year,” a shortfall Parler and other union representatives said could force students to transfer by early March. Jen Conant, chair of the CTU…
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