As we understand it at this writing, the deal funnels an estimated $100 million to the cash-desperate, nearly-bankrupt, out-of-financial-tricks Chicago Public Schools. It also allows City Hall to raise property taxes to fund teachers pensions. City taxpayers, get ready for a thumping new $250 million-ish tax hike. State taxpayers may be on the hook to pick up the "normal" costs — roughly $200 million — of CPS pensions for one year. That component, though, is subject to a not-yet-cut agreement to reform the state's employee pension system.