CPS CEO Forrest Claypool characterized Gov. Bruce Rauner's December 1, 2016 veto of $215 million devoted to teacher pensions as "reckless and put Chicago's public school children at risk." Credit: A.Q. Quig

On Thursday, Gov. Bruce Rauner blew a potentially massive hole in Chicago Public Schools’ budget by vetoing a $215 million payment to CPS, which passed by a bipartisan State House budget agreement last June. That money would have covered a portion of its FY 2017 payment to the Chicago Teacher’s Pension Fund (CTPF), due next summer. Mayor Rahm Emanuel called the action “reckless and irresponsible,” and “no way to run a state.” CPS CEO Forrest Claypool said the move might violate civil rights laws.