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.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.