Board of Education releases funding info for schools
The ISBE has recently revised its school funding forecast with data from the recent education budget passed by the Illinois General Assembly, showing every single school district receiving a boost for the upcoming school year.
The budget itself represents an historic level of cash for K-12 schools as well as pre-K programs, including ending proration of school funding for the first time in seven years. All schools will receive at least their 2015-2016 school year funding level plus a share of a statewide $250 million equity grant. If the existing formula would have given them more money than that for 2016-2017 school year, then the district will receive that higher level. According to State Superintendent Tony Smith, every single school district in Illinois will receive more money than it did during the previous year.