Tax Amnesty Program Brings Money Into Schools

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Illinois schools got $41 million extra this year, but they may have to give it back. They got the money from a tax amnesty program Gov. Blagojevich offered last year. Amnesty was offered to people and businesses that owed back taxes or were disputing audits. It brought in $185 million.

State law says the portion of that going to schools should be counted against what schools raise in local money. So it would have to be paid back, but State Sen. John Sullivan is proposing legislation that would let the schools keep the extra funds. His bill cleared the Education Committee and moves to the Senate floor.