State Senator Mattie Hunter announced that the Chicago Public Schools district will receive over $23 million in additional funding to help address the financial challenges of recent years.
“Every child deserves a quality education with access to libraries, counselors and support,” said Hunter (D-Chicago). “With evidence-based funding, we are taking a crucial step toward closing the education gap, ensuring all students have a fair shot at reaching their full potential.”
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 and number of special education or English language learners, among other factors.
The City of Chicago School District 299 is set to receive $23,357,289 through the formula. The Fiscal Year 24 budget invested $350 million in funding into students’ success through the evidence-based funding model.
For more information on the FY 24 evidence-based funding distribution, visit the Illinois State Board of Education’s website.
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