HB5161

Illinois HB5161 amends the School Code to revise the evidence-based funding formula for public education, ensuring equitable distribution of state.

Illinois HB5161 modifies the evidence-based funding formula for public education, aiming to ensure equitable distribution of state funds to schools based on student needs and local capacity. The bill introduces a new method for calculating the adequacy target for each school, considering research-based activities, student demographics, and regional wage differences. It also establishes a tiered funding distribution system to allocate funds to schools with the greatest funding needs.