Governor’s plan includes extending the school year, merit pay for teachers, mandatory after school tutoring, taking over failing school districts, school construction, parental involvement initiatives, textbook replacement, full day kindergarten, new school technology, and new accountability measures; Plan would provide $6 billion in new funding for schools over next four budgets
http://www.illinois.gov/gov/Today, we have a valuable asset that could be used to do far more for education. And we have schools that need more funding. Under this proposal, the Illinois Lottery would either enter into a long-term lease with a private entity or conduct an Initial Public Offering that would generate approximately $10 billion in proceeds.
That money would go directly and only to schools, fulfilling the promise originally made to the people more than thirty years ago. Specifically, the lease would provide $4 billion towards a new $6 billion funding plan for schools over the next four years and guarantee a $650 millio
annuity to the Common School Fund until Fiscal Year 2025
I thought our lottery money was suppose to be for the schools and roads.