Illinois leaders say they've reached school funding deal

By The Associated Press Published: Thursday, Aug. 24, 2017 4:52 p.m. CDT
Illinois House Speaker Michael Madigan speaks at a news conference, Wednesday, Aug. 16, 2017 in Springfield, Ill. The speaker said the Illinois House will attempt to reverse Gov. Bruce Rauner's veto of a public school funding revamp next week. Madigan, a Democrat from Chicago, slammed GOP members who would not support the legislation, proposed by Democrats, to incorporate the expansive changes Rauner made in an amendatory veto. (AP Photo/ John O'Connor) — John O'Connor

CHICAGO – Illinois' legislative leaders say they've reached a tentative agreement in the state's school funding fight, but details are still being worked out.

Senate Republican Leader Bill Brady and House Republican Leader Jim Durkin issued a statement Thursday saying there's "agreement in principle," but wording won't be released until "drafts have been reviewed."

Democratic leaders Senate President John Cullerton and House Speaker Michael Madigan say in a statement that they've reached "agreement in concept."

The four are expected to meet again in Springfield on Sunday, a day before the House convenes.

There's wide agreement that Illinois' 20-year-old school funding formula is unfair. But Democrats and Republicans have disagreed over fixes.

The budget legislators approved last month over Republican Gov. Bruce Rauner's objections requires a new formula for schools to get state money this year.