Rauner assures schools will open

Rauner assures schools will open

Rauner assures schools will open

The state spending plan passed by the General Assembly requires adoption of a new funding formula, but Rauner has promised to veto the only school formula plan that got legislative approval. Schools are gonna open!

Democrats and Republicans agree IL schools should get state dollars through an evidence-based model, and both parties have filed bills that would adopt this new formula. It also allocates about $300 million more to the Chicago Public Schools (CPS) for state aid and pensions.

The shakeup in Republican Gov. Bruce Rauner's office could signal a tougher stance on school funding. "And we're gonna make sure it's done on a basis that's fair for taxpayers all across the state and it doesn't benefit only one community at the expense of other communities".

Votes in both the House and Senate for the measure's passage in May fell short of the three-fifths threshold required to override a veto.

Moody's Investors Service issued a report Friday.

"School districts with relatively low property tax wealth or high poverty face the greatest risk from a disruption in state funding due to their material dependence on state aid", Moody's said in a report.

An Illinois Association of School Boards official has said that about a dozen districts may not be able to start classes next month if state funding is delayed.

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