Superintendents Toolkit 2013

Budget/Cost Shift

Resources:

 Illinois public schools vs. CPS for funding issues  IASA sample spreadsheet for school budget overview

 Education Funding PowerPoint

 Breakdown of FY12 GSA

(Continued from page 6)

 ISBE overview of General State Aid funding

 ISBE history of GSA funding

8. The cash reserves that school districts have built up by being good stewards are a school district’s only safety net when it comes to state budget cuts, late state payments or unexpected expenses. 9. Many of the reserves are limited by law in the ways they can be used, with some reserved expressly for things like building projects and torts. 10. Once the cash reserves are drained, the only options left for school districts are to raise local property taxes – if that is even possible – or to cut staff and programs even further than they already have been cut. 11. The real impact of those cuts are things that affect the quality of education for children, including:  Larger class sizes  Fewer course offerings  Longer bus rides  Inability to implement new technology or programs  Elimination of extracurricular programs

 ISBE history of Mandated Categoricals funding

 EFAB calls for GSA

foundation level increase to $8,762

 State pension drain

expected to hit schools, government operations  Illinois’ Economic and Fiscal Policy Report  Public School Funding in Illinois