On June 30 the General Assembly reached a bi-partisan agreement that ensures our schools are fully funded and open on time in the fall. Under the proposal sent to the Governor’s desk all schools will be funded at 100% foundation level for the first time in seven years.
“This is a historic investment in education and ends the practice of proration that our schools have been victims of for years,” said Sen. Althoff. “The vast majority of school districts will receive more than they did last year thanks to the hold harmless provision. This is a major win for our students.”
Included in the bill is a new statewide $250 million equity grant for the poorest school districts in the state.
“To be clear, this is not a bailout for Chicago Public Schools,” said Althoff. “Chicago will have to fix its own short term problems until long-term reforms are negotiated.”
The plan also spends $1 billion on top of the $600 million already approved in FY 16 for higher education. Additionally, $151 million will go to MAP grants and community colleges will receive $141 million.
Transportation, human services and other critical government services such as state prisons and veterans’ home will also receive funding to keep projects and services running.
“This short-term plan is obviously not my preferred path but it is a good step in the right direction. We’ve come up with a bi-partisan solution that is both affordable and responsible,” said Sen. Althoff. “I hope this momentum continues as we work to create a full balanced budget with reforms.”