Governor Bruce Rauner says schools will open this fall. However, a veto threat is looming over a new education funding formula.
Although the state now has a budget, the plan requires the state have an education funding formula before money can be sent to schools.
A revised funding plan, Senate Bill 1, has yet to be sent the governor. But, he has already promised to veto it.
Schools would get the same amount of money allocated in fiscal year 2017, with any increase in funding going to districts that get the least return from property tax revenues.
Rauner has called the measure a bailout for Chicago schools.
Still, Rauner has said something can be worked out.
“We’re going to make sure schools get open and we’re going to make sure it gets done on a basis that’s fair for taxpayers all across the state,” Rauner said. “A fair funding formula that doesn’t benefit one district while hurting all the other districts.”
The governor could veto the legislation in part, or in its entirety.