Reuters
SPRINGFIELD, Ill. (Reuters) – Illinois House Speaker Michael Madigan said the Chicago Public Schools will make a full $634 million payment to its teachers pension fund by a midnight Tuesday deadline.
The Chicago Democrat said he was advised by “reliable sources” that the nation’s third-largest public school system has the cash to make the state-mandated payment on time.
He added that a bill delaying the payment for 40 days was now moot.
(Reporting by Fiona Ortiz in Springfield and Karen Pierog in Chicago; Editing by Matthew Lewis)
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