SHOREWOOD – State Senator Meg Loughran Cappel is announcing that school districts across the 49th Senate District will receive nearly $206 million in funding to help address the financial challenges of recent years.
“As an educator, I have seen firsthand that when schools are adequately funded, students have better outcomes,” said Loughran Cappel (D-Shorewood). “The additional funding allocated to schools across the area will provide more curriculum options, better facilities and other resources to help students learn and grow.”
The funding comes from the 2017 Illinois Senate Democrat-backed evidence based funding formula – an overhaul of the way the state funds K-12 education. The law made school funding more equitable by calculating the needs of individual school districts and basing its state revenue on those needs. The formula takes into account a district’s total enrollment, poverty rate, the number of special education or English language learners, among other factors.
Some local schools that are set to see funding include:
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- Oswego CUSD 308: $89,022,359
- Troy Community CUSD 30C: $5,251,688
- Richland School District 88A: $1,156,239
- Plainfield School District 202: $111,443,449
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The Fiscal Year ‘23 budget invested an additional $350 million into student’s success through the evidence based funding model.
“Illinois is a stand-out state when it comes to the way we fund our schools – working diligently to rid decades of systematic inequality,” said Loughran Cappel. “Evidence based funding ensures students are provided with quality education regardless of ZIP code.”
In total, schools in the area Cappel represents saw a total of $206 million in additional funding. For more information on the FY 23 evidence based funding distribution, people can visit isbe.net/Pages/EvidenceBasedFunding.
