Illinois Policy Institute
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Illinois Policy Institute News
The evidence-based school funding formula Illinois will adopt once the Legislature and Gov. Bruce Rauner finally agree on the particulars in Senate Bill 1 brings with it only one guarantee: Taxpayers will pay billions more for an input-driven formula that has no proven track record of success, one analyst said recently.
Gov. Bruce Rauner's amendatory veto of the state's public education funding bill would finally eliminate "some of the most unfair and inequitable practices" in K-12 funding: subsidies brought about by tax increment financing (TIF) districts and the state's Property Tax Extension Limitation Law (PTELL), the Illinois Policy Institute contends.