Yahoo! News: Education News

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Investigation: Chicago schools not in need of state takeover Posted: 07 May 2016 11:45 AM PDT CHICAGO (AP) — An investigation into the fiscal condition of Chicago Public Schools ordered by Gov. Bruce Rauner shows there's no need for state intervention.

State education chief opts against Chicago schools takeover Posted: 06 May 2016 05:16 PM PDT Chicago's cash-strapped public school district is not in sufficiently bad financial shape to warrant a state takeover, according to an Illinois State Board of Education staff report. Illinois Governor Bruce Rauner launched a probe of the nation's third-largest school system in February, contending it could lead to state oversight and a suspension of borrowing at debt-dependent, "junk"-rated Chicago Public Schools (CPS). "It's clear in our analysis CPS has financial challenges and a spending problem," state board spokeswoman Laine Evans said on Friday.

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