Rauner proposal would advance $450M to help Chicago schools

CHICAGO (AP) — A document obtained by The Associated Press shows Gov. Bruce Rauner is offering to accelerate state grant payments to help Chicago Public Schools make a $634 million pension contribution. A summary of the proposal prepared by the Rauner administration states the Illinois State Board of Education has identified $450 million in grants that could be provided to CPS this week. The money normally would be distributed over the course of the fiscal year and for other purposes. CPS faces a Tuesday deadline to make the pension payment. The Illinois House voted down a plan last week to give the cash-strapped district an additional 40 days to make the payment. A spokesman for Rauner declined to comment. Mayor Rahm Emanuel’s office didn’t immediately respond to a request for comment.