Jimenez says Illinois finally fixes broken school funding formula
Illinois’ new school funding formula will make a great education more accessible to all of the state’s children, according to Rep. Sara Wojcicki Jimenez (R-Leland Grove) in a press release that explains key provisions of the law.
“Each of these provisions are the result of bipartisan negotiations in the House and Senate and with the Governor to produce the best possible agreement to reform our broken school funding formula,” Jimenez said in the press release. “I am pleased to see both parties come together to find common ground so that every child in Illinois has access to great schools.”
Jimenez noted that the reform legislation puts an evidence-based model in place, preserves at least current levels of funding for all schools going forward, and directs new funding toward the schools that need it most.
The legislation also introduces a scholarship tax credit program that will provide tax credits to individuals and businesses who donate to scholarship funds to allow students whose families meet certain income requirements to receive scholarships for private schools.
The law also reduces mandates on public schools and requires that school districts funded at 110 percent of their adequacy to put a property tax referendum before voters.