Financing Education

1
Financing Education

• SCHOOL FINANCE
• EDUC 511

2
Local Funding

• Primary source is local property taxes.
• ISBE estimates 7.584 billion.
• Corporate Personal Property Replacement Tax.
• Until 1979 personal property of businesses was
  taxed.
• CPPRT imposes tax on net income of business.
• Distribution is in proportion to pre 1979 taxes.
• 52 to schools / 48 to other governments.

3
State Funding

• General State Aid
• 51 of all state funding.
• F.Y. 98 2.471 billion.
• Based On -
• Relative wealth.
• Number of students (Attendance).
• Local effort.
• Hold Harmless When F.Y 98 lt F.Y. 99
• Categorical Grants
• Transportation.
• Vocational education.
• School food service.
• Bilingual Education.
• TPI
• Bilingual
• Special Grants
• T.R.S (Matching).
• 9.0 contribution from employee
• THIS contribution from employee .05 for
  Insurance

4
State Categorical Grants

• Regular Transportation
• Allowable Costs.
• Reimbursement.
• per dollar spent.
• EAV computational rate.
• Eligible students.
• gt1.5 miles from school.
• Hazardous condition.
• Special Education Transportation
• Students to and from public or private
  placements.
• 80 allowable costs.
• Prorated -
• FY 98 87.4
• Driver Education
• Classroom and Practice Driving.
• Reimbursement.
• Appropriation / number of students.
• Quotient .02 for classroom.

5
State Categorical Grants (cont.)

• Special Education Personnel
• Eligible children at home or hospital.
• 1,000 per child or 8,000 total per year.
• Full-time professional
• speech pathologists, social workers,
  psychologists, certified nurses, administrators
  and teachers.
• 8,000 each
• Noncertified employees
• 2800 each
• Special Education Tuition to other Facilities
• Reimbursement for regular and summer terms.
• 1st tier - Difference between per capita tuition
  charge and the lesser of 4,500 or the tuition
  cost of the private facility.
• 2nd tier - If tuition charge is greater than the
  districts per capita tuition plus 4,500, state
  pays difference in addition to tier one.
• Special Education Extraordinary
• 2,000 when costs after other reimbursement
  exceed 1.5 times the per capita tuition charge

6
State Categorical Grants (cont.)

• Special Education Orphanage Act.
• Orphanages, childrens homes, state housing,
  foster homes.
• Special Education Summer School.
• Free Lunch and Breakfast.
• .1250 per meal.
• Bilingual Programs.
• Transitional Bilingual Education (TBE).
• Transitional Programs of Instruction (TPI).
• Vocational Education
• Vocational Education Staff Development.
• Technical Preparation Programs. Tech Prep.
• Four year programs.
• Gifted Education
• Top 5 of population
• Reimbursed per instructor (5,000)
• Reimbursed formula method (ada, frequency, and
  length of courses.)

7
State Categorical Grants (cont.)

• Textbook Loan program
• Public and Private.
• Appropriation / 637,455 students.
• 13.60 per kid.
• ISBE then estimates the grades to be covered
  giving each child one book.
• Early Childhood Education.
• Prevention programs 0-3 years of age.
• 4,300,000.
• early intervention 3-5 years of age.
• 20,000,000.
• Preschool children at risk 3-5 years of age.
• 123,409,000.
• Reading Improvement
• 70 of appropriation based on ada.
• 30 of appropriation based on ESEA Chapter I
  eligibles.
• LIPLEPS
• IEP

8
Federal Grants

• Title I
• Based on regular census.
• Low incomes identified in a school district are
  called Chapter I (Title I) Eligibles.
• Provide educational opportunities to
  disadvantaged children. 400,000,000.
• Title II
• Dwight D Eisenhower Professional Development
  Grant for Math and Science.
• 13,000,000.
• Title VI
• Innovation Education Program Strategies.
• Reform efforts towards National Education Goals.
• 16,000,000.

9
Federal Grants (Cont.)

• Individuals with Disabilities Education Act
• Assures that all children with disabilities have
  a free, appropriate public education.
• Protects the rights of such children and their
  parents and family members.
• Assist states and localities in the educational
  process.
• Assesses progress in the above areas.
• 160,000,000.
• Preschool grants.
• 25,000,000.
• deaf and blind children.
• 255,000,000.
• Medicaid Matching Funds
• 150,000,000