School districts across the state are patiently waiting for a resolution to the school funding formula issue currently making it's way through the Illinois legislature. Illinois Treasurer Michael Frerichs is adding his take to the situation in Springfield, saying it's frustrating that schools don't currently have the money allocated them in the budget.
Frerichs says schools may be facing a credit downgrade due to the lack of funding from the state.
Illinois Comptroller Susana Mendoza recently issued an overdue categorical payment to school districts in the state. Frerichs says although the payment should help, it's frustrating to see the legislature fail to act in a timely manner to get schools the money that's owed to them.
Illinois Treasurer Michael Frerichs appeared as a guest on the Newstalk WTIM Morning Show.