Illinois Has Budget But No School Funding Plan

(AP) — Illinois has its belated state budget, but the state Capitol's next flashpoint in the political struggle over finances is about how to fund public education with just weeks before the first day of school. The spending plan lawmakers enacted this month over Republican Gov. Bruce Rauner's vetoes includes a $350 million boost for education. [...] it also included a provision aimed at forcing Rauner's approval of an altered funding formula that he contends unfairly pushes extra money to the nation's third-largest school district in Chicago. Rauner has suggested he will veto that newly devised school funding method, which could leave the state with no plan to allocate general state education aid and jeopardize schools' opening. Moody's Investors Service noted in a Friday warning about the state's ability to pay its debts that opening day for impoverished school districts dependent on state aid could be delayed by the legislative maneuver. The "evidence-based" model would ensure none of the state's 850 school districts receives less than it got this year, then would steer money to schools based on local property wealth and distinct student-population needs. [...] Rauner objects to specific state-funding allowances for Chicago schools on top of a new requirement that the state pick up the employer's portion of teacher pensions costs for them — the way it does for every other Illinois district.

BING NEWS:
  • Illinois House passes $53.1B budget with tax changes, migrant funding and more
    The Illinois House passed a $53.1 billion state budget early Wednesday morning, approving a plan that is $400 million more than Gov. J.B. Pritzker proposed in February and raises taxes and makes other ...
    05/28/2024 - 9:17 pm | View Link
  • Illinois House takes up $53B state budget, including Gov. Pritzker initiatives
    The Illinois House is expected to take up the state budget Tuesday after the Senate approved the $53.1 billion plan.
    05/28/2024 - 4:20 pm | View Link
  • CPS school-based budget formula targets schools with high needs
    Even with shifting priorities, the school district says it has successfully maintained the funding it provides to schools overall.
    05/28/2024 - 4:08 pm | View Link
  • House Democrats expected to vote on $53.1B budget as Republicans complains of overspending
    Legislative leaders expected that the House would adopt the plan which the Senate OK'd Sunday night. It’s $400 million more than Democratic Gov. J.B.
    05/28/2024 - 3:19 pm | View Link
  • Chicago Public Schools vows to keep budget shortfall from classrooms after pleas for increased state funding go unmet. But some schools face cuts.
    Chicago Public Schools leaders’ hopes of averting an approximately $400 million deficit were dashed over the weekend, when the Illinois Senate approved a state spending plan without additional funds ...
    05/28/2024 - 11:19 am | View Link
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