CPS Asking for $500M in Additionial State Aid, Rauner Won’t Say if Illinois Can Afford It

Governor Bruce Rauner won’t say if Illinois can afford the nearly $500 million in new state funding Chicago Public Schools has factored into its budget. But he reiterated that he’s open to helping soften a schools financial crisis in conjunction with other reforms.

He says he’s willing to negotiate with Chicago officials on what they’ve asked for but that Chicago shouldn’t get special treatment.

CPS has proposed a $5.7B budget that includes nearly 500 teacher layoffs, while acknowledging an “unsustainable” mix of borrowing and cuts. CPS officials say it’s a necessary mix, however, to make a required $676M teacher pension payment.

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