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Illinois Governor Signs Wide-Reaching School Funding Overhaul

Henryk Sadura/123rf Stock Photo

Illinois Governor Bruce Rauner signed into law on Thursday a wide-reaching school funding overhaul. 

Rauner said it's a historic day that will bring "more equality, more fairness and better opportunity" to students across Illinois. The Legislature approved the measure this week, after years of trying to fix what's considered the nation's most inequitable school funding system.

It allows state aid to be sent to more than 800 schools for the first time this academic year.

The plan will begin to eliminate large disparities between districts. It also creates a new $75 million tax credit for people and companies that donated to private school scholarships and gives districts more flexibility on state mandates.

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