Budget & Finance

Illinois Board of Education Investigating Chicago District’s Finances

By Denisa R. Superville — February 19, 2016 1 min read
  • Save to favorites
  • Print

The Illinois State Board of Education this week asked the Chicago Public Schools to send over a trove of financial information as part of an investigation into the district’s finances, local media reported.

The request for financial information came after Gov. Bruce Rauner ordered the state to review the district’s finances. The district has been facing a series of financial challenges: It 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.

In letters to Forrest Claypool, the district’s CEO, and Frank Clark, the Chicago school board president, the State Board of Education sought information on financial projections, major contracts, monthly payroll schedules, and debt schedules, according to the Chicago Tribune.

School officials told local media that the bulk of the information the state board asked for was already publicly available.

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

Claypool and others have vigorously pushed back against Rauner’s overtures to take over the school district. Rauner and two Republican legislators have put forward legislation to create a state oversight board for Chicago public schools.

Rauner’s plan for state control is unlikely to come to fruition given that Illinois Democrats have already panned it. The district has also steadfastly maintained that the governor has no authority to take over the schools.

Chicago officials have called for the state to revamp its education funding formula, which would give the district some relief from its perennial budget woes.

Related Tags:

A version of this news article first appeared in the District Dossier blog.


Commenting has been disabled on edweek.org effective Sept. 8. Please visit our FAQ section for more details. To get in touch with us visit our contact page, follow us on social media, or submit a Letter to the Editor.


Events

This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
Teaching Webinar
What’s Next for Teaching and Learning? Key Trends for the New School Year
The past 18 months changed the face of education forever, leaving teachers, students, and families to adapt to unprecedented challenges in teaching and learning. As we enter the third school year affected by the pandemic—and
Content provided by Instructure
This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
Curriculum Webinar
How Data and Digital Curriculum Can Drive Personalized Instruction
As we return from an abnormal year, it’s an educator’s top priority to make sure the lessons learned under adversity positively impact students during the new school year. Digital curriculum has emerged from the pandemic
Content provided by Kiddom
This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
Equity & Diversity Webinar
Leadership for Racial Equity in Schools and Beyond
While the COVID-19 pandemic continues to reveal systemic racial disparities in educational opportunity, there are revelations to which we can and must respond. Through conscientious efforts, using an intentional focus on race, school leaders can
Content provided by Corwin

EdWeek Top School Jobs

Teacher Jobs
Search over ten thousand teaching jobs nationwide — elementary, middle, high school and more.
View Jobs
Principal Jobs
Find hundreds of jobs for principals, assistant principals, and other school leadership roles.
View Jobs
Administrator Jobs
Over a thousand district-level jobs: superintendents, directors, more.
View Jobs
Support Staff Jobs
Search thousands of jobs, from paraprofessionals to counselors and more.
View Jobs

Read Next

Budget & Finance Why Failing to Require Masks Could Cost Districts Millions Later
Some insurance providers are threatening to cancel districts' coverage this school year—particularly if they break statewide mask mandates.
9 min read
Image of a dial that assesses problems, dangers, risks, and liabilities.
iStock/Getty
Budget & Finance Will Teachers Get Vaccinated for $1,000?
More and more districts are offering cash to employees who get vaccinated, hoping that the money will help tamp down COVID-19 spread.
6 min read
Image of a dollar bill folded into an upward arrow.
ImagePixel/iStock/Getty
Budget & Finance Opinion Three Tips for Spending COVID-19 Funds in Evidence-Based Ways
If COVID-19 funds targeted for evidence-based practices are going to deliver, it's crucial to be clear on what evidence is actually helpful.
3 min read
Image shows a multi-tailed arrow hitting the bullseye of a target.
DigitalVision Vectors/Getty
Budget & Finance How Kids Benefit When Principals Get a Say in Spending Federal COVID-19 Aid
In some districts, principals play a key role in targeting federal pandemic relief money, but in other places they're left out.
8 min read
Nicole Moore, the principal at Indian Mills School, stands near the summer literacy program held in a small lot at Fawn Lake Village in Shamong, New Jersey on July 6, 2021. Moore worked with teachers to develop a summer literacy program for disadvantaged students who live in the district.
Nicole Moore, principal of Indian Mills School, in Shamong, N.J., worked with a teacher and the district superintendent to start a summer program using federal aid for COVID-19 relief.
Eric Sucar for Education Week