Friday, October 6, 2017

Evidence-Based Funding Formula
overview available

The Illinois State Board of Education (ISBE) recently posted updated materials to assist districts with navigating with the new Evidence-Based Funding Formula.

The presentation entitled An Overview of the Evidence‐Based Funding Formula looks at the three stages in which district calculations are formed and how adequacy targets will be included into the projections. The ISBE PowerPoint also shows how local resources will be factored into the distribution formula, the various funding tiers, and the implementation process going forward. A separate slide that details provisions which only apply to Chicago Public Schools is also included.

Additional resources about the Evidence-Based Funding for Student Success Act are available on the ISBE website.