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03 August 2017, 06:35 | Christie Tate
Rauner Vetoes $250M For Chicago Public Schools
Nor has he addressed the inconsistency in arguing that the Chicago pension system is undeserving of state help because it is "broken" when it is still in healthier financial shape than the state-run pension system for all other teachers in IL. People will try to blame Rauner for this, but it actually falls on the Democrats because they inserted that provision into the state budget.
The governor doesn't agree with how much money the education funding bill allocates to Chicago schools, in particular for teacher pensions. He had the chance to not only ensure our schools are funded on time this year, but to systematically change Illinois' historically inequitable funding system for the children in East Moline and the 2.1 million students across the state. "When you look at the structure, you're allocating billions", Rauner said.
"We're seriously considering paying salaries and the light bill and water bill, and everybody else will have to wait", said Mike Gauch, superintendent of Harrisburg Community Unit School District 3, which educates close to 1,900 students in this coal-mining town about 350 miles (563.km) south of Chicago.
"It doesn't matter where you come from or who your family is".
It appeared Madigan was trying to lure Republicans to his side, just as he garnered enough Republican votes to override Rauner's veto of a budget and income tax hike.
Remove both CPS pension considerations from the formula: the normal cost pick-up and the unfunded liability deduction. Rauner said. "The numbers that I've put out and the numbers that I'm traveling the state every day is the truth".
Lawmakers have 15 days to act on Rauner's veto, but it will take on crisis proportions EVEN before then, especially for some of the state's most financially challenged school districts that would be among the legislation's main beneficiaries if approved.
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Rauner, who had set a Monday deadline for Democrats to send him the bill, has said he will use his veto authority to strip additional funding for Chicago Public Schools.
"The math is very clear", he told media, saying SB1 as written would divert "money from all the schools around the state to one district". The governor also has raised concerns about another $250 million CPS has long received in the form of a special block grant.
Cut language allowing CPS pension debt to crowd out funding for other districts.
I seriously doubt that any deal will be worked out before state school aid payments are supposed to be transmitted to individual school districts on August 10. But there's not a consensus on what to do about Chicago's pension fund. "We are all still open to negotiations, but I strongly urge my colleagues to take action as soon as possible to ensure our schools receive the funding they rely on".
Illinois Policy pointed out that "CPS is partially exempt from the" formula inside Senate Bill 1. That can't be said about other school districts.
Reforming expensive pensions, consolidating unnecessary school district bureaucracies, and eliminating executive pay for administrators are far more effective solutions than SB 1.
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