COMPTROLLER MENDOZA SENDS OUT $350 MILLION IN PAYMENTS TO SCHOOLS UNDER NEW, MORE EQUITABLE FUNDING FORMULA

CHICAGO, IL— Comptroller Susana A. Mendoza today is sending schools around the state $350 million for the first payments that include additional funding based on district need under the new Evidence-Based Funding formula.

 

“I would like to thank Senator Andy Manar, D-Bunker Hill, for his years of work to reform the way schools are funded in Illinois. I would also like to thank Representative Will Davis, D-Hazel Crest, and dedicated educators across the state for their unwavering commitment to this historic change to K-12 education funding,” Comptroller Mendoza said. “Illinois schools have waited too long. The Governor twice vetoed this relief for schools. I am thrilled the day has finally come for more equitable funding.”

 

The payments include $4.8 million for English Learners in the highest-need school districts.

 

Comptroller Mendoza will continue to process Evidence-Based Funding payments on the 10th and 20th of April, May, and June as vouchered by the State Board of Education. Previous payments in Fiscal Year 2018 did not include the $395.6 million in additional funding approved by the General Assembly. The Comptroller’s office is prepared to make payments through the end of the current fiscal year that will contain all the FY18 Evidence-Based Funding schools are entitled to under the new formula.

 

You can find out more about the new Evidence-Based Funding formula, and how it will affect your school district, here: https://www.isbe.net/ebfdist.

 

### 

You can download the PDF version of this release here.