Both sides gave in to ensure school funding, Long says
The new state K-12 public education funding measure that was recently signed into law is the kind of compromise that was needed, Rep. Jerry Long (R-Streator) said in a statement.
“This bill represents concessions from both parties and from both chambers,” Long said in the statement. "This compromise prioritizes funding for our most impoverished schools and students while securing historic funding levels for all 852 school districts in Illinois. No school district will lose money."
The measure, Senate Bill 1947 introduces an evidence-based funding model to Illinois, as well as a tax credit scholarship program. It also includes approximately $430 million in new funding to Chicago Public Schools (CPS), with approximately $221.3 million going to cover CPS’ pension costs for the year.
"Chicago Public Schools’ normal pension costs will be paid in the same manner as all other school districts – outside the school funding formula," Long said.