A bill to extend the deadline of a $634 million payment to the Chicago Public School Teachers’ Pension & Retirement Fund will be called for another Illinois House vote on June 30, said Steve Brown, a spokesman for House Speaker Michael Madigan.
Under SB437, the Chicago Board of Education would have until Aug. 10 to make its required contribution to the pension fund, as opposed to the current June 30 deadline.
The House of Representatives on Tuesday voted 53-46 in favor, but the bill required a three-fifths majority to pass.
There’s “continued interest in getting the bill passed,” and efforts will resume to find the required votes, Mr. Brown said.
Chicago Mayor Rahm Emanuel has said that “Springfield has to step up and help” the school district, which faces a $1.1 billion budget deficit for the next fiscal year. The Aug. 10 date coincides with when the state would distribute school aid.
Spokesmen for Mr. Emanuel and the Chicago Board of Education could not immediately be reached for comment Tuesday.
Charles A. Burbridge, executive director of the $10.2 billion pension fund, said in an e-mailed statement that he hopes the board lives up to its pension obligations.
“Full payment is required by state statute, and is part of the promise CPS makes to the teachers. Everyone needs to come together for the sake of our schools, not just in Chicago but across Illinois. Education funding is critical to all,” Mr. Burbridge said in the statement.
Bloomberg contributed to this story.