After what seems like an eternity, IL Public Schools may once again be able to pay their bills. 

Lawmakers on both sides released statements indicating that a deal has been made.

Governor Bruce Rauner:

“Governor Rauner applauds the four leaders in coming to a consensus on historic school funding reform that reflects the work of the School Funding Reform Commission. He thanks them for their leadership and looks forward to the coming days when the legislation is passed by both chambers.”

State Senator Andy Manar (the bill's sponsor):

“I am encouraged that the legislative leaders appear to have reached an agreement in concept on school funding reform. As many have reiterated time and again for years on end, the inequities that deepen with each passing day in our public schools are a horrible stain on our great state. The status quo is unjust and immoral. Our goal is simple: create a system that is both adequate and equitable for all children. I look forward to continuing to work with my colleagues on both sides of the aisle to get this job done.”

We don't know for sure what's in the bill, but Chicago Mayor Rahm Emanuel indicated that Chicago Public Schools will finally receive equitable funding under the law, a measure Democrats and evidence-based decision makers alike have been advocating for.

The IL General Assembly is expected to vote on the measure Monday. The full text of the bill is expected Sunday.