Friday, September 29, 2017

Analysis, training on new
funding formula offered

With the recent enactment of a new state school funding formula, school administrators and board members across the state are trying to determine exactly what this means for their districts.

The new Act contains the compromise school funding reform provisions approved in August of 2017. Included is an evidence-based school funding formula that recognizes individual student needs, accounts for differences in local resources, closes funding gaps, and provides for a stable system that gets all districts to adequacy over time. The 550-page Act also includes provisions intended to provide mandate relief to local school districts and creates a new income tax credit for the payment of tuition to non-public schools.

“The new funding formula is very complex and there is going to be a big learning curve for school administrators and board members to understand the intricacies,” said IASB Deputy Executive Director Ben Schwarm.

A detailed analysis, a quick-view breakdown, and a power point presentation regarding SB 1947 are available here.

IASB, IASA, and Illinois ASBO are involved in informing school districts about SB 1947 as well. Here is a schedule of three “super-region meetings” that are designed to continue the learning process around and implementation of the Evidence-Based Model contained in the new law.

Wednesday, Oct. 18, 9-11:30 a.m.
Heartland Community College
Astroth Community Education Center
1500 West Raab Road, Normal, Illinois
Presented by: Brent Clark and Gary Tipsord

Wednesday, Oct. 11, 1-3 p.m. (meeting was originally scheduled at UTI)
Hilton Lisle/Naperville – Regency Ballroom
3003 Corporate West Drive
Lisle, IL 60532
Presented by: Brent Clark, Michael Jacoby, Ralph Martire, and Ben Boer

Thursday, Oct. 19, 2017, 9-11:30 a.m.
Rend Lake College
Learning Resources Center Theatre
468 N. Ken Gray Parkway, Ina, Illinois
Presented by: Brent Clark

Registration information can be found by clicking here. The Illinois State Board of Education has additional information on its website as well.

“Administrators are urged to attend the upcoming seminars presented by IASBO, IASA, and the State Board of Education to learn more about how the new formula will work,” said Schwarm.