* Center for Tax and Budget Accountability…

FULLY FUNDING THE EVIDENCE-BASED FORMULA: FY 2025 PROPOSED GENERAL FUND BUDGET, the newest report released today from the Center for Tax and Budget Accountability (CTBA, finds that at the current rate of state funding – $300 million per year – Illinois’ Evidence-Based Funding for Student Success Act (EBF) will not be fully funded until FY 2034. That is 17 years after the EBF was first implemented – or seven years past what is required in statute. CTBA notes in the report that if the state could increase the Minimum Target Level from $300 million to $500 million annually, the EBF could be fully funded by FY 2030 – three years after the date established for full funding under the statute. “Taking such action would benefit districts across Illinois, saving students from four years of attending underfunded schools,” according to the report.

The new report follows CTBA’s recently-released Educating Illinois: A Look at the Evidence-Based Funding Formula, Volume II, which finds that Illinois’ funding formula for K-12 Education has worked towards its promise of closing the drastic funding gaps between school in property-rich and property-poor districts, as well as between schools in predominantly white communities and schools that serve predominantly Black and Latinx students. The EBF puts the funding responsibility on the state to ensure equity for districts with less local resources by distributing new K-12 funding to those districts that are furthest away from having adequate resources, and furthest away from hitting their respective “Adequacy Targets” –which is the amount the research indicates is required to provide the level of education the students they serve need to succeed academically.

Funding of the EBF is making a positive difference in the fiscal capacity of school districts statewide, CTBA finds. In FY 2018, 657, or 77 percent, of all districts in Illinois were underfunded. Seven years into the implementation of the EBF things have improved, with the number of underfunded districts declining to 525, or 62 percent, of all districts. Overall, from FY 2018 through FY 2024, the state increased formula funding for K-12 under the EBF by $1.8 billion. Tier 1 and Tier 2 districts – those with the biggest funding gaps – collectively received 99 percent—or $1.78 billion—of that new Tier funding. Now, seven years later, the EBF has drastically changed public education funding allocation and has worked to close Adequacy Funding Gaps for students across all regions of the state and from all demographics by continuing to increase the state level investment each year.

Emphasis added.

This is what Mayor Brandon Johnson, CPS and the CTU have been talking about with their mantra of how the state “owes” city schools $1.1 billion.