State Education Finance Systems Take Center Stage
Until earlier this year, Illinois was one of the last states in the country whose education funding system relied almost entirely on property taxes, spawning a vicious and inequitable funding cycle that left property-poor districts with large numbers of low-income students chronically underfunded.
After years of partisan bickering, state legislators approved this summer a new funding formula that directs more resources to poor and rural districts.
“There will not be another generation of students that are subjected to inequity, the worst in the country, after this bill becomes law,” state Sen. Andy Manar, a Democrat, said a day before Gov. Bruce Rauner signed the bill into law.