Escalating pension payments have led to drained reserves, debt dependency and junk bond ratings for the nation’s third-largest public school system. It redistributed funds and Rauner is promoting that almost every district would get more money under his plan. The measure introduces an “evidence-based” funding model to improve fairness in state aid to public schools.
Unlike the Senate, House Democrats do not hold a supermajority and will need Republican votes if they are to successfully reject the governor’s changes in favor of the original version of SB 1. “Let the kids go to school and the legislators take the fight back to the state capitol, but what they shouldn’t do is use the kids as pawns if they can’t figure out between themselves how to fund education”.
School bells are set to ring in most school districts in IL on Monday.
SB 1 is a measure to move IL to an “evidence-based model” of education funding, which would take into account each district’s individual needs, as well as its local revenue sources, when appropriating state aid – prioritizing districts that are furthest from being fully-funded.
“The time has come to reform school funding in the state of Illinois“, Senator Andy Manar, a Democrat and sponsor of the bill, said on the Senate floor on Sunday.
Democratic lawmakers, who ended a two-year budget stalemate by approving a state budget over Rauner’s objections in July, prohibited the state from disbursing school aid unless done through an evidence-based platform, such as the one in Senate Bill 1.
That model is in the legislation Rauner vetoed.
A lone Republican, state Sen.
A key to Manar’s plan is the “hold harmless” stipulation, which ensures no less funding than previous year. Claypool said the district has no immediate plans for selling bonds for capital needs. “Doing so will enable him to be a part of a meaningful, historic reform effort in IL, rather than someone who was relegated to the sidelines”. It would keep funding the same as previous year for every school district and then funnel new dollars to the neediest first.
To advocates, the “hold harmless” provision means that Chicago can keep a grant it received for decades that represented what other districts were reimbursed for special education, transportation and more.
A fiscal 2018 budget unveiled on Friday by the Chicago Public Schools (CPS) depends on almost $570 million in new money from the state and city that may not materialize or has not been identified. It will be updated.