An investigation has been launched on the State’s largest school district.
Gov. Bruce Rauner said the Illinois State Board of Education launched an investigation Thursday on the largest school district in Illinois, Chicago Public Schools.
Gov. Rauner cited decades long mismanagement of Chicago Public Schools as a reason he’s called for the state to takeover the cash-strapped district. The district has called for nearly $480 million in additional funding from the state, or face teacher layoffs. Gov. Rauner says if CPS’s finances are handled by the State, faculty layoffs won’t be necessary.
Chicago Public Schools must submit information to the State Board of Education by March 4th.
In other State news:
While the U.S. and Midwest are seeing decreasing unemployment rates, Illinois’ seems to be headed the other way, and that’s just one of the threats the state’s Commission on Government Forecasting and Accountability sees in a new report.
Continued uncertainty was one of the threats outlined in a Moody’s economic forecast about Illinois commissioned by COGFA. Dan Long, executive director of COGFA, says Illinois’ unemployment rate is increasing while other areas of the U.S. and the nation as a whole have decreasing unemployment rates. Long says companies don’t like the Land of Lincoln’s uncertainty.
The Moody’s report says manufacturing and transportation businesses could be weary of coming to Illinois because it’s unclear if their taxes will increase to help pay off Illinois’ growing deficit.
