Presentation on theme: "Senate Bill 16 An Inequitable Funding Proposal. General State Aid (GSA) Intended to provide general flexible state aid to schools in an equitable manner."— Presentation transcript:
General State Aid (GSA) Intended to provide general flexible state aid to schools in an equitable manner. General State Aid (GSA) represents approximately 66% of state funds for elementary and secondary education. GSA two-part formula that consists of the Foundation Grant ($6,119), the Poverty Grant. The grant includes multiple adjustments, the largest of which is the PTELL Adjustment.
600+% growth in Poverty Grant Funding Rise/Fall of PTELL Adjustment Stagnant/Slow Growth in Foundation Support Growth in Education Funding
Senate Republican’s Report on Education Funding Shows Current Law Heavily Favors Chicago
Senate Bill 16 - Intent SB 16 cherry-picked recommendations of the Senate Education Funding Advisory Committee (EFAC) Proposed changes are intended to equalize education funding using a school district’s ability to pay Currently, about 40% of education funding is equalized through the Foundation Grant EFAC recommendations would equalize 96% of education funding SB 16 equalizes 83% of funding
Senate Bill 16 - Flaws SB 16 reallocates education funding to create winners and losers SB 16 contains a generic, one-size-fits-all, way to determine local wealth SB 16 compromised EFAC’s report by not fully following its recommendations Includes a pension pick up for Chicago Teachers ($200 million in State Aid to Chicago) Maintains status quo on certain Block Grants that heavily favor Chicago (extra $145 million to CPS through these block grants)