state aid

A credit ratings agency says for the Chicago Public Schools to work its way out of debt it must consider a property tax hike of more than $400 million annually.  Moody's Investors Service says the new tax revenue would be used to make debt payments now covered with state aid meant for the classroom. 

On Wednesday, state senators filed a package of bills designed to break the partisan logjam that's led to the state going more than 18 months without a budget. The first of those bills deals with changing the school funding formula, and the commission charged with accomplishing that task appears headed toward a compromise.

The Illinois Senate approved a big change to the way Illinois funds schools yesterday, but that doesn't ensure anything will change.

District 150 deficit spending to keep newer programs

Aug 26, 2013

Peoria School District 150 has a projected deficit of nearly $6 million.  Peoria Public Radio's Alex Rusciano reports that's compared to a deficit last academic year of nearly $3 million: 


Peoria School District 150 says it wants voters to consider a one-percent sales tax increase on some retail sales.  Peoria Public Radio’s Alex Rusciano reports the District says new revenues are needed amid shrinking property tax and state aid funding: 

 District 150 is expecting a $10 million decrease in general state aid next school year.  District 150 also lost nearly four-million-dollars in property tax revenues the last two years.  Officials say that means less money for roof repairs, technology upgrades and health-life safety projects.  School Board member Rick Cloyd says he supports asking Peoria County voters to consider a one-percent sales tax increase: