Chicago Public Schools

State News
1:05 pm
Tue January 13, 2015

IL AG: State can use 'police powers' to cut pensions

Attorney General Lisa Madigan is arguing that a landmark Illinois pension overhaul should be upheld because the state has "police powers" that allow it to change a contract in extraordinary circumstances.

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State News
1:01 pm
Thu May 22, 2014

The challenges of trying to change the state's school funding formula

An Illinois state senator is hoping to change how state money is distributed to school districts. IPR'S Tony Arnold reports why it’s been such a controversial proposal.

Democratic State Senator Andy Manar from Central Illinois is proposing an entirely new way for schools to qualify for state money. He says a new formula is needed to keep up with current realities. Manar says he has one particular goal with his bill.

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State News
6:24 am
Tue June 4, 2013

Lawmakers reject plan to help Chicago Public Schools

Chicago Public Schools’ budget problems could go from bad to worse. That comes after Illinois lawmakers rejected a plan for the schools to delay pension payments. IPR’S Tony Arnold explains.

Three years ago, the Illinois state legislature gave Chicago Public Schools what critics would call a pension holiday where the district could stall on making payments to its retirement system. That’s set to expire at the end of this month meaning Chicago’s schools will have to make room for an extra 400 million dollars in its budget to pay for teachers’ pensions.

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