HB 5346

Abstract

Amends the School Code. Changes base funding minimum calculation for evidence-based funding. Provides that, for the 2022-2023 and subsequent school years, the Base Funding Minimum of Organizational Units with a Final Percent of Adequacy at or below 80% and Specially Funded Units shall be the sum of (i) the amount of Evidence-Based Funding for the prior school year, (ii) the Base Funding Minimum for the prior school year, and (iii) any amount received by a school district pursuant to Public Act 100-21. Provides that, for the 2022-2023 and subsequent school years, the Base Funding Minimum of Organizational Units with a Final Percent of Adequacy above 80% shall be the sum of (i) the amount of Evidence-Based Funding for the prior school year and (ii) the Base Funding Minimum for the prior school year divided by the Organizational Unit's Average Student Enrollment for the prior school year and multiplied by the Organizational Unit's Average Student Enrollment for the current school year. Makes corresponding changes. Effective July 1, 2022.