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The Chicago Teachers Union's contract is set to expire in June which will soon prompt negotiations between educators and the school board. Union President Stacy Davis Gates said in early March that her proposed contract for 2024 to 2028 'will cost $50 billion and 3 cents.' 'And so what?' Davis Gates added. 'That’s audacity. That’s Chicago.' The teachers union is demanding nine percent cost of living adjustments every year. According to Indeed, the average salary of a teacher in Chicago Public Schools is $67,718. With raises every year for four years, teachers would be getting paid about $95,000 a year by 2028, which is roughly 36 percent higher than the national average.