SB3701

SB3701 amends the School Code to ensure full funding of mandated categorical programs and establish an evidence-based funding model for Illinois.

SB3701 amends the School Code to ensure that all mandated categorical programs are funded at 100% of their required levels. It establishes an evidence-based funding model that calculates a unique Adequacy Target for each school, considering costs, student demographics, and regional wage differentials. The model ensures equitable distribution of funds, with priority given to schools serving low-income students. The bill also mandates annual spending plans for schools, detailing how they will use the funding.