SPRINGFIELD – Impoverished school districts will receive more state aid under a proposal sponsored by State Senator Christopher Belt (D-Cahokia) that advanced yesterday in the Senate Education Committee.
Currently, a school district is allowed to take 85 percent of the Equalized Assessed Valuations plus Corporate Personal Property Replacement Tax to determine their ability to issue bonds. Belt’s proposal, Senate Bill 1746, would count state aid as part of baseline on which a district can base that 85 percent calculation.
Read more: Belt pushes for poorer schools to issue more bonds
Read more: Belt: Increased education funding will help our students flourish
Belt joined Pritzker at the governor’s mansion for the signing of Senate Bill 1 Tuesday.
Page 98 of 99