Thursday, June 25, 2015

Alliance Legislative Report 99-28

Alliance Legislative Report 99-28
GOVERNOR SIGNS EDUCATION BUDGET
Governor Bruce Rauner signed into law Wednesday the bill that contains the education portion of the Fiscal Year 2016 state budget. HB 3763 increases K-12 education funding by $240 million over FY 2015 levels, with $206 million going to General State Aid (GSA) resulting in a 92 percent proration. An additional $85 million would be available for distribution to the neediest of school districts through a supplemental grant to entities that receive GSA to limit the loss per student due to proration. The grant would be paid based on the districts with the greatest loss per student. Early Childhood Education gains approximately $25 million over current funding levels under the bill. Click to read the entire Alliance Legislative Report 99-28.