Crain's Chicago Business

Chicago has rightly received praise for its nation-leading gains. Students in Chicago Public Schools grew academically at a faster rate than 96 percent of districts nationwide in recent years. High school graduation rates are higher than they've ever been. And more CPS graduates enroll in college and earn a sheepskin than ever before—all of this anchored by a strong district leader.

That's worth celebrating. But there's worrisome news to tamp the confetti...