Cairo Association of Teachers - Newsletter

CAT Tracks for August 6, 2007 ROD TO THE RESCUE

Might be more impressed if the Governor had not been such a major player in creating the current mess.

But, hey, in politics...how soon they forget!

From the Chicago Tribune...

Blagojevich offers loans to schools to bridge budget impasse

Associated Press

Illinois public schools awaiting state-aid payments while lawmakers wrangle over a budget can get no-interest loans from the state.

Governor Rod Blagojevich directed the Illinois Finance Authority to make $175 million available to the state's 900 school districts if no budget is settled this week.

State schools Superintendent Christopher Koch wrote to local schools Monday to say the state would pay the interest once there's a budget agreement.

The money available for loan is more than what would go out in state-aid payments. Checks for the first August payment are scheduled to be written Friday.