Under Illinois’ new education funding formula, the wildly mismanaged Chicago school district won’t lose a dime in state funding, no matter how many students it loses.
Chicago Mayor Rahm Emanuel is touting a specific set of test scores showing improving student performance, while sweeping larger achievement problems under the rug.
The Illinois Senate passed a school funding reform bill containing the state’s first-ever tax credit scholarship program. The bill now awaits the governor’s signature.
After failing to override Gov. Bruce Rauner’s amendatory veto of Senate Bill 1, which stripped a Chicago bailout from the education funding proposal, Illinois House members voted to pass a compromise bill containing the state’s first-ever tax credit scholarship program.
Gov. Bruce Rauner’s amendments to Senate Bill 1 would bring nearly $25 million more to the 10 Illinois school districts with the highest black student enrollment outside of Chicago.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.