Panel completes school funding formula revision
Illinois schools furthest from their target adequacy goals will be the first to receive funding under a new formula recently approved by a reform committee.
Members of the Illinois School Funding Reform Commission, which was created by Gov. Bruce Rauner, met for more than 75 hours in the past six months to help shape the funding formula that the panel says will help address inequity within school districts.
"Illinois is another step closer to fixing our broken school funding system,” Rauner said. "I applaud the commission members for putting politics aside to advance a bipartisan framework that can serve as an immediate road map for legislation. The framework ensures all public school children in Illinois receive equitable funding, no matter where they live."
Illinois Secretary of Education Beth Purvis applauded the work by the bipartisan commission.
"I am incredibly thankful that these really dedicated members of the General Assembly and the governor's appointees were able to come and have substantive conversations in which children were at the center of the decision-making," she said.
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