CHICAGO — The cash-strapped Chicago Public Schools will receive about $100 million from Illinois’ share of education funding in the new $26 billion federal jobs law, local and federal officials said Wednesday.

Illinois will receive a total of $1 billion from the bill President Obama signed Tuesday, including $415 million aimed at preserving teaching positions and $550 million for Medicaid programs. The state had been counting on receiving $750 million, but Congress extended the special Medicaid funding at a lower percentage.

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