From the ILHouseGOP Caucus Blog:
Where would you rather your hard earn tax money be directed, into the classroom for kids or to prop up Chicago’s mismanaged pension system?
A new 32% income tax increase just went into effect on July 1 and Chicago politicians want to use it to bail out a pension system they failed to fund instead of using it to educate children across the state. The once bipartisan SB1 was a plan that would have equitably funded all schools in Illinois, ensuring each and every child was treated fairly. However in the waning moments of regular session, Chicago interests hijacked the bill and earmarked some of the money for the City of Chicago.
An effort to get a clean bipartisan equitable funding formula back on track emerged with HB 4069. Every district is treated fairly and benefits at the highest level under HB 4069. To see how your schools benefit click here.