Illinois Gov. Offers $10B School Plan

Shields, Yvette
May 2006
Bond Buyer;5/24/2006, Vol. 356 Issue 32389, p1
Trade Publication
The article reports that Illinois governor Rod Blagojevich has offered a $10billion school plan. The funding package would provide hundreds of millions of dollars more for programs and operating aid and include $1.5 billion in new borrowing for school construction by selling or leasing the state's lottery system. In the first year of the program, the state government would spend $1 billion, including $250 million in additional funds earmarked for schools under a revised foundation funding formula, $200 million for special education, and $50 million for debt service on new borrowing.


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