The Illinois Constitution states:
“The state has the primary responsibility for financing the system of
public education.”
Dear
Citizen:
I am
informing you of District 40’s financial impact stemming
from our State’s fiscal crisis. There is state-wide concern
about what is occurring in this year’s state funding and in
the potential decisions of the years ahead. The State of
Illinois is estimating a shortfall of $13 billion
dollars which in turn, directly impacts our school’s budget.
The state
received $1 Billion dollars in federal stimulus money that
afforded budget repair for one year. However, legislative
decisions were not taken to adjust the state budget. Now,
continued fiscal difficulties that were postponed or
ignored, now surface. Current legislative decisions now
occurring directly impacts our district:
REVENUE
LEGALLY DUE AND EXPECTED
TO OUR
DISTRICT FROM THE STATE
·
State of Illinois late on payments to District No. 40
Special
Education $168,575.30 School Lunch & B’fast
$ 15,275.96
Transportation $104,973.35 Driver’s
Ed $ 3,025.06
Early
Childhood $133,750.00 Title
I $118,953.00
Rdg.
Improvement $ 22,448.00 Title
II $ 27,333.00
ADA Block
Grant $ 5,079.29 Drug
Free $ 1,014.00
Not only is
the state late on payments, there is discussion that funds
may not be disbursed to the districts at all. Additionally
damaging is what is potential for next year’s budget.
Current discussions among our legislators include, but are
not limited to, decreasing their contribution to schools 10%
across the board. Another item being discussed is cutting
the general state aid foundation level back. Every scenario
results in our district losing funds and placing more
financial responsibilities on the local tax payer.
·
If the
foundation level is cut from $6119 to $5500 per student
the district would lose approximately $300,000