Illinois to acquire $415M for education jobs, mentions Durbin

On Wednesday, with commencement of sessions around the corner, Illinois schools received a word that they will get $415 million in federal funding to save about 5,700 education jobs across the state. The fund is to come from the Education Jobs Fund, a $10 billion fund that's part of a jobs bill President Barack Obama signed into law on Tuesday. US Sen Dick Durbin announced Illinois' share Wednesday. Durbin mentioned that around two percent of the money may be used for administrative costs, and none may go to equipment or to pay state debts. Because of the timing, school district officials must figure out a way to adjust budgets while classes are in session. Further, Chicago Public Schools is projected to get about $100 million, Durbin explained. The rest of the money will be spread across the state.