CHICAGO (AP) — The latest on Illinois Republicans proposing a state takeover of Chicago Public Schools (all times local):
Top Republicans in the Illinois Legislature plan to call
for a state takeover of the financially troubled Chicago Public Schools.
Senate GOP Leader Christine Radogno (rah-DOH'-nyoh) and House Republican Leader Jim Durkin are scheduled to announce the legislation Wednesday morning.
A Republican official with knowledge of the plan says it would allow the Illinois State Board of Education to take control of CPS. The official says GOP lawmakers also are considering a bankruptcy plan for CPS and the city of Chicago, though that will not be part of the legislation introduced Wednesday.
The official spoke on condition of anonymity because the person wasn't authorized to pre-empt the public announcement.
GOP Gov. Bruce Rauner is expected to announce his support for the plan later Wednesday.
The measure will likely face stiff opposition in the Democratic-controlled Legislature.
Illinois Senate Republican Leader Christine Radogno and House Republican Jim Durkin are to talk about legislation they will introduce dealing with the city of Chicago's and its public schools' fiscal crisis.
Radogno and Durkin have scheduled a news conference in Chicago on Wednesday to talk about their plans.
It comes as school officials and the Chicago Teachers Union continue with negotiations on a new contract.
The public schools system has increasingly borrowed money to pay for operations and is counting on millions in state funding lawmakers haven't approved. CPS also faces escalating pension contributions.
As a result, rating agencies have lowered the district's credit rating, meaning it faces higher borrowing costs on bonds it plans to issue next week.
The city of Chicago also has fiscal difficulties, including billions of dollars in unfunded pension obligations.