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Illinois Board Probing Chicago School Finances

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The Illinois board of education has asked the Chicago district to send over financial information as part of an investigation into the district's finances, local media report.

The request came after Gov. Bruce Rauner ordered the state to review the district's finances. The school system has a $1 billion long-term deficit and recently borrowed $725 million at high interest rates to keep running until the end of the school year.

The state's request comes amid a war of words between Chicago officials and Rauner, who is seeking to put the district, the third-largest in the country, under state control.

Vol. 35, Issue 23, Page 4

Published in Print: March 9, 2016, as Illinois Board Probing Chicago School Finances
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