Pensions

IL House passes school funding bill

SPRINGFIELD, Ill (KWQC)- UPDATE: Representatives voted Friday night 73-34 to pass Senate bill 1947, the replacement to Senate bill 1.

It was the second vote on SB1947, the first one failed just before 6 p.m. Friday night.

The plan that was debated and passed Monday night was agreed on by state leaders in private meetings.

It would increase the money for all districts and create a $75 million tax credit program for people who donate to private school scholarships.

It also takes out the funding for Chicago Public School Pensions by allowing Chicago to raise property taxes to pay for the district’s pensions.

ORIGINAL STORY: Illinois House of Representatives called a vote on the floor just before 6:30 p.m. Thursday night to override Governor Rauner’s amendatory veto of Senate Bill 1.

The measure failed in the house 63 to 45.

Governor Rauner amendatory vetoed the bill in early August, taking out the funding of Chicago Public School Pensions.

The Senate overrode the amendatory veto two weeks ago.

It is unclear what will happen next with the bill. Meanwhile, Illinois schools have missed two general state aid payments. They were supposed to arrive on August 10th and August 20th.

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