Word: toed
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Dates: during 1970-1979
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As the outspoken, well-tailored $82,500-per-year superintendent of the nation's third largest school system, Chicago's Joseph Harmon was a favorite in the Gold Coast parlors of the city's business elite. In four years on the job his scrappy resistance to busing...
What mainly had changed was that Hannon and his aides had just been accused of multimillion-dollar mismanagement. By Byrne's estimate, Hannon's administration had allowed the school's red ink to soar to $500 million, while claiming the deficit stood no higher than $43 million...
Like many other inner-city school systems, Chicago's has long lived with deficits caused by expensive "special education" programs, as well as soaring payroll and energy costs and time lags in getting reimbursements from state and federal governments (such government payments make up 60% of Chicago's...
Since there were no takers for the school board's $124.6 million in notes, Hannon asked Mayor Byrne to provide a city guarantee for the school board's financing. The mayor, concerned about the city's own credit rating, stalled and appointed a task force of bankers...
Faced with all this, Hannon stunned the city, and the eleven-member school board, by handing in his resignation. The board had just renewed his four-year contract in September, but he was "tired," he said. He proposed a dramatic $70 million budget cut requiring the elimination of 1,700...