Latest School Funding Deal Fails In Illinois House Vote

Aug 28, 2017

Credit state of Illinois

An education funding overhaul failed in the Illinois House, leaving money for more than 800 districts uncertain.

The legislation filed Monday provides a tax credit worth 75 percent of a taxpayer's annual contributions to a scholarship fund, with a maximum credit of $1 million annually. The money may be donated to a specific school, but not to a specific student. 

Students receiving the scholarships must have a total household income of less than 300 percent of the federal poverty level. 

Teacher unions oppose the tax credit.