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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

With increasing layoffs, financial experts say don’t forget to manage your 401(k)

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With increasing layoffs, financial experts say don’t forget to manage your 401(k)

With increasing layoffs, financial experts say don’t forget to manage your 401(k)

From Target to Amazon, layoffs are making headlines this year.

RELATED: Layoffs are piling up, raising worker anxiety. Here are some companies that have cut jobs recently | Around 1,800 jobs expected to be cut from Target HQ on Tuesday

After losing a job, workers can forget to manage one of their biggest assets, their 401(k).

Financial planner Kyle Moore at Quarry Hill Advisors in St. Paul recommends moving an old 401(k) to a new one.

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“A lot of people they go from job to job to job and they kind of leave a string of old 401(k)’s behind, which is important not to forget about them,” Moore said. “Consolidate them into their new 401(k)s. If you keep getting a new job, you should move the old 401(k)’s into the new ones.”

Moore recommends trying not to tap into your 401(k) after a job loss, because you could be hit with a penalty.

(VERVIE IN PUBLIC FOLDER)

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Gift card finances, getting the most bang for your buck

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Gift card finances, getting the most bang for your buck

More than $400 billion in gift cards were sold in the U.S. this year.

Finance Professor Dan Roccato joined FOX6 WakeUp live to make sure you get the most out of your money.

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Trump’s shakeup of global trade creates uncertainties for 2026

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Trump’s shakeup of global trade creates uncertainties for 2026
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The Blueprint

  • 2025 tariffs lifted U.S. import taxes to nearly 17%, generating $30B/month.
  • Framework deals struck with EU, UK, Japan, South Korea, Vietnam; China deal remains unresolved.
  • U.S. economy rebounded despite early contraction; AI investments and consumer spending helped growth.
  • Key 2026 developments include Supreme Court rulings, U.S.-China talks, and NAFTA review.

President Donald Trump’s return to the White House in 2025 kicked off a frenetic year for global trade, with waves of tariffs on U.S. trading partners that lifted import taxes to their highest since the Great Depression, roiled financial markets and sparked rounds of negotiations over trade and investment deals.

His trade policies — and the global reaction to them — will remain front and center in 2026, but face some hefty challenges.

What happened in 2025

Trump’s moves, aimed broadly at reviving a declining manufacturing base, lifted the average tariff rate to nearly 17% from less than 3% at the end of 2024, according to Yale Budget Lab, and the levies are now generating roughly $30 billion a month of revenue for the U.S. Treasury.

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They brought world leaders scrambling to Washington seeking deals for lower rates, often in return for pledges of billions of dollars in U.S. investments. Framework deals were struck with a host of major trading partners, including the European Union, the United Kingdom, Switzerland, Japan, South Korea, Vietnam and others, but notably a final agreement with China remains on the undone list despite multiple rounds of talks and a face-to-face meeting between Trump and Chinese leader Xi Jinping.

The EU was criticized by many for its deal for a 15% tariff on its exports and a vague commitment to big U.S. investments. France’s prime minister at the time, Francois Bayrou, called it an act of submission and a “sombre day” for the bloc. Others shrugged that it was the “least bad” deal on offer.

Since then, European exporters and economies have broadly coped with the new tariff rate, thanks to various exemptions and their ability to find markets elsewhere. French bank Societe Generale estimated the total direct impact of the tariffs was equivalent to just 0.37% of the region’s GDP.

Meanwhile, China’s trade surplus defied Trump’s tariffs to surpass $1 trillion as it succeeded in diversifying away from the U.S., moved its manufacturing sector up the value chain, and used the leverage it has gained in rare earth minerals — crucial inputs into the West’s security scaffolding — to push back against pressure from the U.S. or Europe to curb its surplus.

What notably did not happen was the economic calamity and high inflation that legions of economists predicted would unfold from Trump’s tariffs.

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The U.S. economy suffered a modest contraction in the first quarter amid a scramble to import goods before tariffs took effect, but quickly rebounded and continues to grow at an above-trend pace thanks to a massive artificial intelligence investment boom and resilient consumer spending. The International Monetary Fund, in fact, twice lifted its global growth outlook in the months following Trump’s “Liberation Day” tariffs announcement in April as uncertainty ebbed and deals were struck to reduce the originally announced rates.

And while U.S. inflation remains somewhat elevated in part because of tariffs, economists and policymakers now expect the effects to be more mild and short-lived than feared, with cost sharing of the import taxes occurring across the supply chain among producers, importers, retailers and consumers.

What to look for in 2026 and why it matters

A big unknown for 2026 is whether many of Trump’s tariffs are allowed to stand. A challenge to the novel legal premise for what he branded as “reciprocal” tariffs on goods from individual countries and for levies imposed on China, Canada and Mexico tied to the flow of fentanyl into the U.S. was argued before the U.S. Supreme Court in late 2025, and a decision is expected in early 2026.

The Trump administration insists it can shift to other, more-established legal authorities to keep tariffs in place should it lose. But those are more cumbersome and often limited in scope, so a loss at the high court for the administration might prompt renegotiations of the deals struck so far or usher in a new era of uncertainty about where the tariffs will end up.

Arguably just as important for Europe is what is happening with its trading relationship with China, for years a reliable destination for its exporters. The depreciation of the yuan and the gradual move up the value chain for Chinese companies have helped China’s exporters. Europe’s companies meanwhile have struggled to make further inroads into the slowing domestic Chinese market. One of the key questions for 2026 is whether Europe finally uses tariffs or other measures to address what some of its officials are starting to call the “imbalances” in the China-EU trading ties.

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Efforts to finally cement a U.S.-China deal loom large as well. A shaky detente reached in this year’s talks will expire in the second half of 2026, and Trump and Xi are tentatively set to meet twice over the course of the year.

And lastly, the free trade deal with the two largest U.S. trading partners — Canada and Mexico — is up for review in 2026 amid uncertainty over whether Trump will let the pact expire or try to retool it more to his liking.

What analysts are saying:

“It seems like the administration is rowing back on its harshest stance on tariffs in order to mitigate some of the inflation/pricing issues,” Chris Iggo, chief investment officer for Core Investments and chair of the Investment Institute at AXA Investment Managers, said on a 2026 outlook call. “So less of a concern to markets. Could be marginally helpful to the inflation outlook if tariffs are reduced or at least not further increased.”

Ahead of midterm elections later in the year, “a confrontational trade war with China would not be great — a deal would be politically and economically better for the U.S. outlook,” he said.

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