Education Funding News in Brief

Ill. Officials Seek Documents On Chicago District’s Finances

By Denisa R. Superville — February 23, 2016 1 min read

The Illinois state board of education last week asked Chicago school officials 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.

The state requested financial projections, payroll information, major contracts, and debt schedules, according to the Chicago Tribune. Gov. Rauner is seeking to put the district, the third-largest in the country, under state control.

Related Tags:

A version of this article appeared in the February 24, 2016 edition of Education Week as Ill. Officials Seek Documents On Chicago District’s Finances

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
Interactive Learning Best Practices: Creative Ways Interactive Displays Engage Students
Students and teachers alike struggle in our newly hybrid world where learning takes place partly on-site and partly online. Focus, engagement, and motivation have become big concerns in this transition. In this webinar, we will
Content provided by Samsung
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
Classroom Technology Webinar
Educator-Driven EdTech Design: Help Shape the Future of Classroom Technology
Join us for a collaborative workshop where you will get a live demo of GoGuardian Teacher, including seamless new integrations with Google Classroom, and participate in an interactive design exercise building a feature based on
Content provided by GoGuardian
School & District Management Live Online Discussion A Seat at the Table With Education Week: What Did We Learn About Schooling Models This Year?
After a year of living with the pandemic, what schooling models might we turn to as we look ahead to improve the student learning experience? Could year-round schooling be one of them? What about online

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

Education Funding Biden Infrastructure Plan Calls for $100 Billion for School Construction, Upgrades
President Joe Biden's $2 trillion American Jobs Plan would also fund replacement of lead pipes and expand broadband internet access.
4 min read
President-elect Joe Biden speaks at The Queen Theater on Dec. 29, 2020, in Wilmington, Del.
President-elect Joe Biden speaks at The Queen Theater on Dec. 29, 2020, in Wilmington, Del.
Andrew Harnik/AP
Education Funding Miguel Cardona Releases $912 Million for Puerto Rico's Schools, Easing Trump Restrictions
Puerto Rico has regained access to hundreds of millions of dollars for education to address the fallout of COVID-19 and other needs.
2 min read
Students arrive at the Ramon Marin Sola primary school for the first time in nearly a year amid the COVID-19 pandemic as some public schools reopen in San Juan, Puerto Rico on March 10, 2021.
Students arrive at the Ramon Marin Sola primary school for the first time in nearly a year amid the COVID-19 pandemic as some public schools reopen in San Juan, Puerto Rico on March 10.
Danica Coto/AP
Education Funding School Budgets: Why They're Not As Bad As Predicted
Revenue projections are up, but districts aren't out of the woods. Seven questions answered about the evolving landscape for budgets.
11 min read
Image shows a businessman searching for new revenue in unchartered waters standing on a compass among several waves.
iStock/Getty Images Plus
Education Funding COVID-19 Aid Package Protects Funding for Students in Poverty, But Could Challenge Schools
"Maintenance of equity" mandates aim to avoid cuts by states and districts that hurt disadvantaged students more than others.
8 min read
Image of money in a puzzle shape.
simoncarter/iStock/Getty