Post by Logan on May 7, 2016 0:39:11 GMT -6
Despite Chicago Public Schools' financial straits, a state investigation concluded the district's books don't warrant an intervention from Springfield.
The Illinois State Board of Education's finding that CPS is not in "financial difficulty" as defined by state law represents a blow to Gov. Bruce Rauner's efforts to give the state greater control over district finances.
For now, ISBE has signaled it will simply continue to keep an eye on CPS.
ISBE launched its investigation of CPS finances in February after Rauner ordered a review of the district's books as part of his call for a state takeover of the troubled system. The Illinois attorney general's office subsequently concluded Illinois has limited authority over CPS' finances.
Read more: www.chicagotribune.com/news/local/breaking/ct-cps-state-financial-investigation-met-20160506-story.html
The Illinois State Board of Education's finding that CPS is not in "financial difficulty" as defined by state law represents a blow to Gov. Bruce Rauner's efforts to give the state greater control over district finances.
For now, ISBE has signaled it will simply continue to keep an eye on CPS.
ISBE launched its investigation of CPS finances in February after Rauner ordered a review of the district's books as part of his call for a state takeover of the troubled system. The Illinois attorney general's office subsequently concluded Illinois has limited authority over CPS' finances.
Read more: www.chicagotribune.com/news/local/breaking/ct-cps-state-financial-investigation-met-20160506-story.html