Lawmakers in Springfield have reportedly agreed on the outline of a budget plan that will see schools open on time and fully fund state services through the end of 2016.
The proposed budget is set to provide around $250 million to schools in Illinois, with the Chicago Public Schools (CPS), the state’s largest district, to receive around $100 million of that.
The so-called budget working group, comprised of representatives from both houses of the General Assembly and Gov. Bruce Rauner’s office, rejected a proposal that would have seen CPS receive nearly $400 million in additional funding.
The legislature is reportedly also set to mandate a property tax increase in Chicago to help stem the rising tide of costs associated with CPS.
Full details on the proposed stopgap budget are expected to be finalized in committees tonight with the House coming back into session at 8:30 a.m. Thursday for an expected vote.
The budget package will then head to the Senate, back in session at 10 a.m., before being sent to Gov. Rauner for final approval.
We will have more information from Springfield as it becomes available.