House rejects pension payment delay for Chicago schools

Lawmakers in the Illinois House failed to pass legislation to create a 40 day delay before the Chicago Public School District’s $634 million pension payment is due. The bill was requested by Chicago Mayor Rahm Emanuel to give the city more time to figure out how to make the payment. The proposed delay would have meant the bill wasn’t due until August 10th, when the first state aid payment is due and after some city revenue would have come in.

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