News provided by Sen Faraci
State Senator Paul Faraci announced that four Vermilion County school districts will receive over $700,000 in evidence-based funding to help students. Eight Champaign schools will get over 3 million dollars.
“The evidence-based funding model works, as it helps school districts and students across the state succeed,” said Faraci (D-Champaign). “The funding will not only help our local schools, but should help school districts hold the line on property taxes .”
The funding comes from the 2017 Illinois Senate Democrat-backed evidence-based funding formula — an overhaul of the way the state funds K-12 education. The law made school funding more equitable by calculating the needs of individual school districts and basing its state revenue on those needs. The formula takes into account a district’s total enrollment, poverty rate and number of special education or English language learners, among other factors.
Vermilion County schools set to receive funding through the formula include:
- Danville School District 118: $156,377
- Oakwood School District 76: $77,666
- Vermilion Regional Office of Education #54: $28,595
- Westville School District 2: $473,528
Champaign County school districts set to receive funding through the formula include:
- Alternative School (Champaign/Ford Regional Office of Education #9): $25,131
- Champaign Unit School District 4: $165,701
- Prairieview-Ogden School District 197: $3,652
- Rantoul City School District 137: $905,100
- Rantoul Township High School District 193: $769,566
- Regional Safe School (Champaign/Ford Regional Office of Education #9): $47,357
- Thomasboro School District 130: $14,376
- Urbana School District 116: $1,279,074
- University Laboratory High School: $183,328
The Fiscal Year 24 budget invested $350 million in new funding into students’ success through the evidence-based funding model.
For more information on the FY 24 evidence-based funding distribution, visit the Illinois State Board of Education’s website.
