District 186 to get an extra $1.1 million under new funding formula

District 186 to get an extra $1.1 million under new funding formula (WICS)

After months of delay, the Illinois State Board of Education finalized evidence-based funding for schools.

ISBE issued vouchers to the Illinois Comptroller’s office Thursday.

The new formula has District 186 in Springfield is getting an extra $1.1 million in state aid.

Decatur Public Schools are getting $2.3 million more.

The new funding method was signed into law last August, but schools haven't actually seen any of the extra funding because the law needed to be amended.

“Implementing a radically new funding formula required extraordinary effort by ISBE staff and school districts,” said State Superintendent of Education Tony Smith, Ph.D. “I deeply appreciate Governor Rauner and the General Assembly’s commitment through the passage, cleanup, and distribution of this historic first year of Evidence-Based Funding.”

ISBE’s final calculations distributed over $395 million in new funding to school districts across the state.

“I would like to thank education champions Senator Andy Manar and Representative Will Davis along with dedicated educators across the state for their unwavering commitment to this historic change to K-12 education funding,” said Comptroller Susana Mendoza. “Illinois schools have been waiting a long time -- including through the Governor’s obstructionist vetoes -- and I am thrilled the day has finally come for more equitable funding. My office has been planning for these payments, and they will be made on time.”

According to a press release sent out by ISBE Thursday morning, school districts have been receiving the base funding minimum, or hold harmless, portion of the new funding formula. The final six vouchers for Fiscal Year 2018 will contain all of the FY18 tier funding.

ISBE said they’ll need an extra $7.2 billion investment into the program to provide adequate funding to all Illinois school districts.

The first payments under the Evidence-Based Funding formula are scheduled for April 10th.

The Comptroller's office said they'll continue processing vouchers on the 10th and 20th of April, May and June as vouchered by the State Board of Education.

Find a full breakdown of the funding here.

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