SCH CD-ADMIN COST LIMIT

Amends the School Code. Makes changes with regard to the limitation of administrative costs. Defines "consumer price index", "expenditures per pupil", "general administration expenditures", and "school administration expenditures". Provides that for each school year, beginning with the 2019-2020 school year, each school district shall undertake budgetary and expenditure control actions so that the increase in each of administrative expenditures (with the exception of the Chicago school district, whose limit is not changed), general administration expenditures, and school administration expenditures per pupil for that school year over the prior school year does not exceed the percentage increase, if any, in the consumer price index for the 12 months ending on the previous December 31 or 5%, whichever one is less. Makes conforming changes.