K-12 Tax & Spending Climate: Illinois

Monique Garcia and Kim Geiger:

Spending for most agencies would remain flat, except for the $700 million bump in funding for schools, which goes far and above Rauner’s proposal to send an extra $55 million for elementary and secondary education. That money would be doled out to poorer school districts such as CPS, which stood to lose money under Rauner’s proposal because the governor wants the money to be distributed using the standard formula, which has led CPS to lose funding in recent years.

The district, which skipped pension payments for many years, has been borrowing heavily to stay open. It has a huge teacher pension payment due at the end of June. Under Madigan’s plan, CPS stands to gain an extra $287 million, plus $100 million in state help to pay its pensions.

That’s a direct jab at Rauner, who for the past year has resisted requests from Mayor Rahm Emanuel and Democratic lawmakers for state help to dig the troubled school district out of its financial hole. The governor has spent the past few months touring schools statewide and touting his call for an education funding boost while warning of a CPS bailout at the expense of suburban and Downstate districts. Under the Madigan plan, no school district would lose state aid, but some wouldn’t gain much.