Rauner vetoes $215 million CPS teacher pension bill

CHICAGO -- Illinois Governor Bruce Rauner has vetoed a bill which would have provided $215 million for Chicago Public School teacher pensions.

The governor says that money was contingent upon a comprehensive, pension reform measure being passed.

He blamed Senate President John Cullerton for torpedoing the process.

"The election is over. Despite my repeated request for daily negotiations and hope to reach a comprehensive agreement by the end of next week, we are no closer to ending the impasse or enacting pension reform," Rauner said in a statement Thursday.

The Chicago Teachers Union issued a statement that reads in part, "The governor's veto should be a wake-up call to Mayor Rahm Emanuel, who should immediately commit additional tax increment financing funds to Chicago Public Schools until the governor is out of office. It is unacceptable for the governor and Mayor Emanuel to allow our district to languish at such a great cost to our communities and the services and institutions they depend on."