School Funding Stretched Thin as Costs Rise, Corporate Revenue Source Shrinks
State officials say the funding gap persists because rising costs and declining enrollment continue to outpace aid increases.
- On Friday, the Illinois State Board of Education announced that despite a $350 million increase in base funding, the statewide school funding gap grew by more than $1 billion to nearly $7 billion.
- State Superintendent of Education Tony Sanders attributed the shortfall to three factors: rising costs, declining corporate tax revenue, and a new counting method that increased identified low-income students to 57.2%.
- Data reveals 714 of 936 districts moved further from funding targets, including Chicago Public Schools, which dropped to 70% adequacy from 73% last year, while Elgin School District U-46 and Rockford School District 205 also declined.
- Illinois Federation of Teachers and Chicago Teachers Union President Stacy Davis Gates called the report 'a wake-up call,' urging lawmakers to allocate funding above the statutory $300 million annual minimum.
- Achieving full adequacy is now 14 years away, a three-year delay from earlier projections, as Harlem School District 122 and Cicero School District 99 recently implemented budget cuts due to financial pressures.
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Capitol Fa - Your Illinois News Radar » State’s EBF ramp just got a billion dollars larger as state falls further behindCapitolFax.com
* CNI… Despite a $350 million increase in base funding for public schools this year, Illinois is falling further behind in its quest to bring all school districts up to adequate funding levels. That’s according to new data from the Illinois State Board of Education, which announced Friday the details of how it will distribute $9.3 billion [...]
The Southern
School funding stretched thin as costs rise, corporate revenue source shrinks
SPRINGFIELD — Despite a $350 million increase in base funding for public schools this year, Illinois is falling further behind in its quest to bring all school districts up to adequate funding levels.
The Pantagraph
St Louis Post-DispatchIllinois' school funding stretched thin as costs rise, corporate revenue source shrinks
The Illinois State Board of Education released details Friday of how it will distribute $9.3 billion in evidence-based funding to public schools for the upcoming academic year.
Capitol News Illinois | School funding stretched thin as costs rise, corporate revenue source shrinks
SPRINGFIELD — Despite a $350 million increase in base funding for public schools this year, Illinois is falling further behind in its quest to bring all school districts up to adequate funding levels.
School funding stretched thin as costs rise, corporate revenue source shrinks - The Times Weekly
Despite $350M funding increases, overall ‘adequacy gap’ grows for 3rd straight year Despite a $350 million increase in base funding for public schools this year, Illinois is falling further behind in its quest to bring all school districts up to adequate funding levels. That’s according to new data from the Illinois State Board of Education, which announced Friday the details of how it will distribute $9.3 billion in Evidence-Based Funding dolla…
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