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Andre Smith, finance manager, running for 6th District school board seat

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Andre Smith, finance manager, running for 6th District school board seat

Andre Smith, a finance manager and founder of a violence prevention nonprofit, is running for the 6th District school board seat to promote equal opportunity education and overhaul Chicago Public Schools’ annual budget.

“Every child in Chicago deserves the same opportunities. Every parent deserves their children to have the best education that we as board members can provide for them,” Smith said.

The great-grandson of Caroline Williams, a West Virginia teacher who won a landmark civil rights case 1898 that mandated equal pay for teachers regardless of race, Smith said he believes this familial legacy of advocating for educational equality makes him a strong candidate for the seat.

“She stood up to make sure that colored school teachers had equal rights and equal pay,” Smith said. “Here we are in 2024, when Chicago is having, for the first time in history, an elected school board, and we’re making history again as her great-grandson is running.”

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He also said his varied leadership experience sets him apart in the race. Smith has been a vice chair of the Washington Park Resident Advisory Council, is the founder of the group Chicago Against Violence, and has been a beat facilitator for the Chicago Police Department’s Beat 311. 

“My opponents, they have no history of doing those things,” Smith claimed. “They have no history of being on the ground level, they have no history of fighting for the people.”

In the 6th District, which stretches from Old Town and Streeterville to Washington Park, Englewood and parts of Hyde Park, Smith is running against Jessica Biggs, a former CPS principal and community organizer, and Anusha Thotakura, a former teacher and leader of a progressive political organization. 

Perhaps one of the biggest differences between Smith and his competitors is funding: Smith is the only candidate in the 6th District who has taken donations from the political funds of the Illinois Network of Charter Schools (INCS). Smith has received about $6,000 from the organization so far out of nearly $3 million that two of that organization’s political arms have amassed to back candidates in Chicago’s first-ever school board races.

The District 6 race is for one of 10 elected seats on the new 21-member Chicago Board of Education, with the remaining spots to be appointed by Mayor Brandon Johnson. Each of the 10 seats represents a district in the city mapped out by the Illinois General Assembly this past spring. 

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In all, Smith has raised about $24,600 since January – though some of this may be used for his ongoing and concurrent run for the Illinois  House of Representatives –, compared to Thotakura’s $32,700 and Biggs’ $6,700, according to campaign filings. 

“The donation from (INCS) is just like a donation from anyone else, like the (Chicago Teachers Union) or any other business or any other person – there are no strings attached and there are no obligations,” Smith said. “They like what I believe in, that parents need to have a choice in their children’s education and they figure that I’m the best candidate.”

If elected, Smith said his first order of business would be to conduct an independent audit of CPS’ budget to “investigate” its $400 million budget deficit this year and to reallocate money to “better-fit community needs.”

This summer, CPS announced it was laying off almost 700 support staff and implementing a hiring freeze on 200 positions, in a move to help close that deficit. This year’s $9.9 billion budget was passed in July.

“We keep creating ideas, raising taxes, putting the burden on the taxpayers and the parents, that’s unfair,” Smith said. “People deserve board members that are really going to be careful about spending their money and spending their money on the right ideas and what’s working.”

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Smith would also like to conduct a listening tour with principals, teachers, parents and students throughout the 6th District to get a sense of its educational needs.

“I want to sit down with the principal and know what’s working and what’s not working. What are the issues that you’re faced with? Is it more funding? If it’s more funding, funding for what?” Smith said. “When I’m on the school board, I know what I’m fighting with, because I’m equipped with my district.”

Smith was most recently a finance manager at Kingdom Chevrolet, but he’s taking a leave of absence to focus on his campaign. He grew up in Bronzeville’s Robert Taylor Homes and attended DuSable High School. Throughout his adult life he’s worked in a variety of industries and roles, among them welding and railroad construction, as well as a barber and minister.

An advocate for improving public safety on the South Side, Smith said he regularly collaborates with local police, community organizations and residents in his role with Chicago Against Violence in an effort to bolster resources for ex-offenders and youth.

A big part of the organization is youth mentorship, through a mix of group programs and one-on-one meetings, which aims to “combat the rise in violent crimes and vehicular carjackings,” reads a description on his campaign flier. (Smith does not have a live campaign site as of press time.) He thinks this experience would be useful in developing safety plans to prevent wt violence at CPS.

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“Our schools should be equipped to teach, educate and get our children the best education that they can ever get, not have to worry about any type of violence happening outside of the school, in the school or around the school,” Smith said.

Smith has been vying for local office for some time: he unsuccessfully ran for 20th Ward alderman in 2011, 2015, 2019 and 2022; for a seat in the Illinois House of Representatives in 2016; and for Cook County’s Board of Commissioners in 2022.

He attributed his failure in previous campaigns to a lack of funding and resources to facilitate outreach, but is feeling confident about his chances going into the Nov. 5 election.

“I want the Chicago education system to be the best in the world. So we got to have the best

teachers that are being paid with a great salary and benefits, ” Smith said. “We want people from other cities to want to come to Chicago to be taught, but before we do any of that, you’ve got to know where your money’s at.”

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Finance

Where in California are people feeling the most financial distress?

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Where in California are people feeling the most financial distress?

Inland California’s relative affordability cannot always relieve financial stress.

My spreadsheet reviewed a WalletHub ranking of financial distress for the residents of 100 U.S. cities, including 17 in California. The analysis compared local credit scores, late bill payments, bankruptcy filings and online searches for debt or loans to quantify where individuals had the largest money challenges.

When California cities were divided into three geographic regions – Southern California, the Bay Area, and anything inland – the most challenges were often found far from the coast.

The average national ranking of the six inland cities was 39th worst for distress, the most troubled grade among the state’s slices.

Bakersfield received the inland region’s worst score, ranking No. 24 highest nationally for financial distress. That was followed by Sacramento (30th), San Bernardino (39th), Stockton (43rd), Fresno (45th), and Riverside (52nd).

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Southern California’s seven cities overall fared better, with an average national ranking of 56th largest financial problems.

However, Los Angeles had the state’s ugliest grade, ranking fifth-worst nationally for monetary distress. Then came San Diego at 22nd-worst, then Long Beach (48th), Irvine (70th), Anaheim (71st), Santa Ana (85th), and Chula Vista (89th).

Monetary challenges were limited in the Bay Area. Its four cities average rank was 69th worst nationally.

San Jose had the region’s most distressed finances, with a No. 50 worst ranking. That was followed by Oakland (69th), San Francisco (72nd), and Fremont (83rd).

The results remind us that inland California’s affordability – it’s home to the state’s cheapest housing, for example – doesn’t fully compensate for wages that typically decline the farther one works from the Pacific Ocean.

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A peek inside the scorecard’s grades shows where trouble exists within California.

Credit scores were the lowest inland, with little difference elsewhere. Late payments were also more common inland. Tardy bills were most difficult to find in Northern California.

Bankruptcy problems also were bubbling inland, but grew the slowest in Southern California. And worrisome online searches were more frequent inland, while varying only slightly closer to the Pacific.

Note: Across the state’s 17 cities in the study, the No. 53 average rank is a middle-of-the-pack grade on the 100-city national scale for monetary woes.

Jonathan Lansner is the business columnist for the Southern California News Group. He can be reached at jlansner@scng.com

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Why Chime Financial Stock Surged Nearly 14% Higher Today | The Motley Fool

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Why Chime Financial Stock Surged Nearly 14% Higher Today | The Motley Fool

The up-and-coming fintech scored a pair of fourth-quarter beats.

Diversified fintech Chime Financial (CHYM +12.88%) was playing a satisfying tune to investors on Thursday. The company’s stock flew almost 14% higher that trading session, thanks mostly to a fourth quarter that featured notably higher-than-expected revenue guidance.

Sweet music

Chime published its fourth-quarter and full-year 2025 results just after market close on Wednesday. For the former period, the company’s revenue was $596 million, bettering the same quarter of 2024 by 25%. The company’s strongest revenue stream, payments, rose 17% to $396 million. Its take from platform-related activity rose more precipitously, advancing 47% to $200 million.

Image source: Getty Images.

Meanwhile, Chime’s net loss under generally accepted accounting principles (GAAP) more than doubled. It was $45 million, or $0.12 per share, compared with a fourth-quarter 2024 deficit of $19.6 million.

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On average, analysts tracking the stock were modeling revenue below $578 million and a deeper bottom-line loss of $0.20 per share.

In its earnings release, Chime pointed to the take-up of its Chime Card as a particular catalyst for growth. Regarding the product, the company said, “Among new member cohorts, over half are adopting Chime Card, and those members are putting over 70% of their Chime spend on the product, which earns materially higher take rates compared to debit.”

Chime Financial Stock Quote

Today’s Change

(12.88%) $2.72

Current Price

$23.83

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Double-digit growth expected

Chime management proffered revenue and non-GAAP (adjusted) earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance for full-year 2026. The company expects to post a top line of $627 million to $637 million, which would represent at least 21% growth over the 2024 result. Adjusted EBITDA should be $380 million to $400 million. No net income forecasts were provided in the earnings release.

It isn’t easy to find a niche in the financial industry, which is crowded with companies offering every imaginable type of service to clients. Yet Chime seems to be achieving that, as the Chime Card is clearly a hit among the company’s target demographic of clientele underserved by mainstream banks. This growth stock is definitely worth considering as a buy.

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How young athletes are learning to manage money from name, image, likeness deals

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How young athletes are learning to manage money from name, image, likeness deals

ROCHESTER, N.Y. — Student athletes are now earning real money thanks to name, image, likeness deals — but with that opportunity comes the need for financial preparation.

Noah Collins Howard and Dayshawn Preston are two high school juniors with Division I offers on the table. Both are chasing their dreams on the field, and both are navigating something brand new off of it — their finances.

“When it comes to NIL, some people just want the money, and they just spend it immediately. Well, you’ve got to know how to take care of your money. And again, you need to know how to grow it because you don’t want to just spend it,” said Collins Howard.


What You Need To Know

  • High school athletes with Division I prospects are learning to manage NIL money before they even reach college
  • Glory2Glory Sports Agency and Advantage Federal Credit Union have partnered to give young athletes access to financial literacy tools and credit-building resources
  • Financial experts warn that starting money habits early is key to long-term stability for student athletes entering the NIL era


Preston said the experience has already been eye-opening.

“It’s very important. Especially my first time having my own card and bank account — so that’s super exciting,” Preston said.

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For many young athletes, the money comes before the knowledge. That’s where Glory2Glory Sports Agency in Rochester comes in — helping athletes prepare for life outside of sports.

“College sports is now pro sports. These kids are going from one extreme to the other financially, and it’s important for them to have the tools necessary to navigate that massive shift,” said Antoine Hyman, CEO of Glory2Glory Sports Agency.

Through their Students for Change program, athletes get access to student checking accounts, financial literacy courses and credit-building tools — all through a partnership with Advantage Federal Credit Union.

“It’s never too early to start. We have youth accounts, student checking accounts — they were all designed specifically for students and the youth,” said Diane Miller, VP of marketing and PR at Advantage Federal Credit Union.

The goal goes beyond what’s in their pocket today. It’s about building habits that will protect them for life.

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“If you don’t start young, you’re always catching up. The younger you start them, the better off they’re going to be on that financial path,” added Nihada Donohew, executive vice president of Advantage Federal Credit Union.

For these athletes, having the right support system makes all the difference.

“It’s really great to have a support system around you. Help you get local deals with the local shops,” Preston added.

Collins-Howard said the program has given him a broader perspective beyond just the game.

“It gives me a better understanding of how to take care of myself and prepare myself for the future of giving back to the community,” Collins-Howard said.

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“These high school kids need someone to legitimately advocate their skills, their character and help them pick the right space. Everything has changed now,” Hyman added.

NIL opened the door. Programs like this one make sure these athletes walk through it — with a plan.

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