Press Release - Thursday, June 15, 2006
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Governor Blagojevich Advances K-12 State Aid Payments For Fourth Consecutive Year
SPRINGFIELD - Governor Rod R. Blagojevich today announced his intention to advance the final two state aid payments to schools for the current fiscal year. Advancing the final two payments is critical for school districts around the state as they try to keep their own budgets balanced. This is the fourth consecutive year in which Governor Blagojevich advanced the school aid payments.
Before Governor Blagojevich took office, governors delayed the 23rd and 24th state aid payments until the following fiscal year. This is problematic for school districts, which budget the final two payments as part of their current fiscal year that ends June 30th. School district officials say delaying the payments until July would create a serious cash-flow problem for them.
"Ultimately, budgets are about priorities. For us, education is a top priority. That's why we've advanced the school aid payments every year. It's why we've invested $3.8 billion in new funding into our schools over the last four years. And it's why we want to invest even more money in our schools going forward - and do it without raising taxes," Gov. Blagojevich said.
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