Illinois Gov. Bruce Rauner is set to sign legislation that will change the way the state funds schools.
Rauner says the plan he'll sign Thursday will ensure every child "gets a chance at an excellent education regardless of their parents' income" or where they live.
The long-sought deal gives districts more flexibility on state mandates, allows residents in well-funded districts to try to reduce their property taxes and creates a new tax credit for donations to private school scholarships.
It also provides about $430 million in new funding to Chicago Public Schools. That's roughly $150 million more than the amount Rauner stripped from an earlier plan and railed against as a "bailout."
The Republican says the measure includes "many of the goals I recommended."
