State Senator Cristina Castro announced that four local school districts are set to receive over $41 million through the evidence-based funding formula to help address the financial challenges of recent years.
“High-quality education begins with smart investments that support students and teachers,” said Castro (D-Elgin). “Taking on a larger share of school funding at the state level moves us further away from the unfair, property tax-based school funding system of the past and toward better outcomes for all children in our state.”
The funding comes from the 2017 Illinois Senate Democrat-backed evidence-based funding formula — an overhaul of the way the state funds K-12 education. The law made school funding more equitable by calculating the needs of individual school districts and basing its state revenue on those needs. The formula takes into account a district’s total enrollment, poverty rate and number of students with disabilities or English language learners, among other factors.
Local school districts receiving funding through the formula include:
- School District U-46: $35,018,726
- School District 54: $309,365
- Community Unit School District 300: $6,321,393
- Township High School District 211: $220,077
For more information on the FY 24 evidence-based funding distribution, visit the Illinois State Board of Education’s website.
