The governor's office released a statement, aaying, "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. The Illinois House is expected to be in session on Monday at 4:30 p.m".
This comes after several hours of negotiation both Tuesday and Thursday.
House Speaker Michael Madigan canceled a legislative session on the issue on Wednesday, citing progress in the negotiations. But Democrats and Republicans have disagreed over fixes. Without a new funding formula in place, the state is unable to send out payments that districts receive twice a month throughout the school year. The Senate overrode Rauner's veto.
The first state payment to schools was due August 10. The leaders will reconvene in Springfield on Sunday in anticipation of House action on Monday. Most districts have said they have enough money in reserve to operate, but some have indicated programs will have to be cut if funding doesn't arrive.
Illinois' legislative leaders say they've reached a tentative agreement in the state's school funding fight, but details are still being worked out.