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CHICAGO — For now the Chicago school board says it won’t hit teachers with a 7 percent paycut by pulling its pension payment. But Chicago Teachers Union President Karen Lewis feels that cut could come down the road, which is why she says a strike is still possible.

Lewis today announced an April 1 “Day of Action,” calling it a “showdown” where teachers plan to rally over what she called unfair labor practices.

This after the announcement Thursday from CPS that teachers must take three unpaid furlough days by the end of the school year, a move to help balance the budget.

In the midst of the budget mess, Mayor Rahm Emanuel is chiming in after the city of Chicago was ranked No. 1 in the country for corporate investment.

Emanuel says he’s not worried that a pending teachers strike will turn away companies looking to relocate.