Illinois Senate President Cullerton's plan to have the state bailout $500 million in Chicago teacher pension costs moves to the House. What will Speaker Michael Madigan and Gov. Bruce Rauner do? We get the latest from Chicago Tonight Springfield reporter Amanda Vinicky.
Today was deadline day for a $634 million payment due to the Chicago Teachers' Pension Fund, and this afternoon the payment was made. But school finances remain in a perilous state. We talk with the head of the pension fund, Charles Burbridge, on what happens next.
The Illinois State Board of Education has identified $450 million to fund CPS' pension contribution. Meanwhile, budget talks continue as Illinois faces a potential shutdown. Amanda Vinicky joins us tonight from Springfield while Paris Schutz has reaction from local lawmakers.