May 22, 2018
Illinois’ revamped school funding formula is working and has ushered in a new era of possibility for the state’s schools. School districts across Illinois are using FY18 tier funding to hire teachers, purchase new technology and restructure curriculum to set up students for success.
The new formula is distributing 80% of FY18 funding to districts with over 50% low-income students. Over 70% of dollars is going to districts below median property wealth, and 25 districts are gaining more than 5 percentage points toward adequacy. No district is any longer below 50% of adequacy.
The formula will continue to pay dividends for students with further investment in the formula in the FY19 budget. A $400 million investment in the state budget would provide $350 million in K-12 funding and $50 million in property tax relief for high-tax, low-property wealth districts.
Annual investments in public education should be the new normal in Illinois. We call on our legislators to support at least a $400 million appropriation in the state budget.
Visit Advance Illinois’ Equity Dashboard for more on how the new formula is driving dollars to the state’s neediest districts.
About Fund the Formula Illinois
Fund the Formula Illinois is a campaign of Advance Illinois, Association of Illinois Rural and Small Schools, Center for Tax and Budget Accountability, Educators 4 Excellence, Equity First, Faith Coalition for the Common Good, Funding Illinois’ Future, Gamaliel of Illinois, Gamaliel of Metro Chicago, High School District Organizations of Illinois, Illinois Alliance of Administrators of Special Education, Illinois Association of School Administrators, Illinois Association of School Business Officials, Illinois for Educational Equity, Illinois Parent Teacher Association, Illinois Principals Association, Instituto del Progreso Latino, Latino Policy Forum, League of United Latin American Citizens, Noble Network, Ounce of Prevention Fund, Pilsen Neighbors Community Council, Quad County Urban League, South Suburban Action Conference, Springfield Urban League, Taylorville Citizens for Education, Teach Plus Illinois, Tri-County Urban League, United Congregations of the Metro East, Urban Muslim Minority Alliance and Vision 20/20. Learn more about the Fund the Formula Illinois campaign and the Funding Illinois’ Future coalition.