Governor Makes Pitch for His State Aid to Education Plan

A press release from Govenror Bruce Rauner:

Analysis: Gov. Rauner’s education plan would send more money to almost every school district in Illinois School districts in Elgin, Rockford, Waukegan, Aurora and Peoria would see significant funding increases

SPRINGFIELD (Aug. 12, 2017) – Gov. Bruce Rauner’s plan to reform the school funding formula would send more money to the neediest school districts in Illinois, according to an analysis released today by the Illinois State Board of Education.

ISBE’s analysis found that 97.5 percent of the 852 school districts in Illinois receive more state funding under the governor’s plan compared to Senate Bill 1, as written. Under the governor’s plan, no school district would receive less funding this upcoming school year than it received last year.

“This is what equity and fairness in education funding looks like,” Gov. Rauner said. “Improving Illinois’ education system has been my top priority as governor. I made these changes to Senate Bill 1 because that legislation fails to ensure fairness and equity for all children across Illinois. My changes guarantee that some of our state’s neediest districts will receive significantly more funding.”

The top-10 districts that will receive more funding under the governor’s plan than SB 1 as it is written are:

*Elgin School District U-46: $12.8 million more under the governor’s plan compared to SB 1; of its total revenue, 29 percent comes from state funding, and 61 percent of its children are deemed to be in poverty

*Rockford School District 205: $9.5 million more under the governor’s plan compared to SB 1; of its total revenue, 39 percent comes from state funding, and 92 percent of its children are deemed to be in poverty

*Plainfield School District 202: $7.9 million more under the governor’s plan compared to SB 1; of its total revenue, 30 percent comes from state funding, and 25 percent of its children are deemed to be in poverty

*Waukegan School District 60: $6.6 million more under the governor’s plan compared to SB 1; of its total revenue, 55 percent comes from state funding, and 92 percent of its children are deemed to be in poverty

*Oswego School District 308: $5.4 million more under the governor’s plan compared to SB 1; of its total revenue, 30 percent comes from state funding, and 21 percent of its children are deemed to be in poverty

*East Aurora School District 131: $5.3 million more under the governor’s plan compared to SB 1; of its total revenue, 60 percent comes from state funding, and 100 percent of its children are deemed to be in poverty

*West Aurora School District 129: $4.2 million more under the governor’s plan compared to SB 1; of its total revenue, 32 percent comes from state funding, and 63 percent of its children are deemed to be in poverty

*Joliet School District 86: $4.1 million more under the governor’s plan compared to SB 1; of its total revenue, 59 percent comes from state funding, and 90 percent of its children are deemed to be in poverty

*Valley View School District 365: $4.0 million more under the governor’s plan compared to SB 1; of its total revenue, 19 percent comes from state funding, and 53 percent of its children are deemed to be in poverty

*Peoria School District 150: $4 million more under the governor’s plan compared to SB 1; of its total revenue, 35 percent comes from state funding, and 91 percent of its children are deemed to be in poverty

The governor is urging lawmakers to quickly take action and uphold his amendatory veto. The governor’s changes to Senate Bill 1 ensure enough resources flow to children in the neediest and most disadvantaged school districts across the state. Time is of the essence, especially since Democrats sat on SB1 for two months before sending it to the governor’s desk on July 31.

For a district-by-district breakdown, download the ISBE analysis and other education funding data by clicking here​.


Comments

Governor Makes Pitch for His State Aid to Education Plan — 7 Comments

  1. Just the opposite of what is being broadcast on most TV evening news programs.

    Even if he is successful with his veto, if he signs SB0031, I am through supporting him.

  2. I was through with Rauner when he would not support Trump after election.

    Unfortunately for Rauner there are tens of thousands like me in Illinois who believe the same thing forcing him to move to the left in a Hail Mary attempt to win next election.

    Of course, going by the moniker conservative voter, you must be one of them.

    I am proud to say I never voted for Mark Kirk leaving the slot blank but I was fooled into voting for Rauner.

    No patience for Republicrats.

  3. Rauner conveniently leaves out the fact that starting in 2020 under his plan, hundreds of districts would lose money.

  4. Pension and retiree healthcare benefit hikes to underfunded pensions and retiree healthcare have to be scaled back or there will be a call for more funding for public education for a long time.

    The pension and retiree healthcare benefit hiking scam was like charging a credit card whose bill comes due in a sliding scale over a long period of time.

    For a 25 year old, the bill comes due over 60 years, if the life expectancy is 85.

    The taxpayers were duped and scammed over 40 years of this legislative nightmare benefit hiking scheme.

    There is never enough money for public education, and the major reason is because the public education cartel of unions, lobbyists, administrators, legislators and Governors repeatedly over 4 decades passed, lobbied for, and didn’t object to benefit hikes to underfunded pensions.

    An act of greed and stupidity.

    Divert funding from underfunded pensions to salary hikes, which in turn hikes the payout of the underfunded pensions.

  5. Add hiking benefits of underfunded pensions, which in turn hikes the payout of the underfunded pensions.

    That’s a double whammy.

    Both of those result in more underfunded pensions or hiked costs.

    More underfunded pensions result in more interest that is accrued on the unfunded liability.

    The interest on the unfunded liability is a big deal.

    Since the investment return on zero is zero, where does the money come from in the case of an unfunded liability?

    The answer is unfunded liability pension interest.

    Who pays unfunded liability pension interest?

    Taxpayers pay 100% any shortfall.

    The employee pays nothing for unfunded liability pension interest.

    Probably one reason they were not too concerned about that unfunded liability, coupled with the sentence added to the state constitution which has been interpreted to mean that pension and retiree healthcare benefits are contractual and cannot be diminished or impaired.

    ++++++++++

    A high level overview of the pension equation:

    Starting balance

    + investment return (or loss)

    + employee contribution

    + employer contribution

    + state contribution (in the case of TRS teacher and administrator pension fund)

    – interest on unfunded liability

    – cost to operate the pension fund

    = ending balance.

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