Legislative Leaders Say They’ve Reached an Agreement “In Principle” on Education Funding

Chicago — Speaker Madigan cancelled the House session that was to have met this past Wednesday for a vote to try and override the governor’s veto of SB-1, the education funding bill that passed the legislature last May, because Madigan said, there was progress being made in talks on finding a compromise to the funding of K-12 education.

Thursday afternoon, word came out that the four legislative leaders, who have held on-going talks, have reached a potential compromise that would allow the billions of education dollars in the state budget for to be released.  But thus far, no details of the potential deal have been released.

The House is currently set to meet on Monday at 4:30 pm.

Following the announcement of a potential agreement, Gov Rauner’s office issued this statement, “Governor Rauner applauds the four leaders in coming to a consensus on historic school funding reform that reflects the work of the School Funding Reform Commission. He thanks them for their leadership and looks forward to the coming days when the legislation is passed by both chambers.”