SCH-EDUCATION PRIORITIZATION
The bill introduces a continuing appropriation requirement, ensuring that the state will allocate necessary funds even if the General Assembly fails to provide adequate budgeting. Moreover, HB1925 amends the School Code to refine accounting systems for revenues and expenditures, promoting better financial transparency and accountability within local educational agencies. This change is expected to enhance the reliability of the funding model, ensuring that resources are adequately aligned with the needs of schools and students.
House Bill 1925, known as the Education Prioritization Act, proposes significant changes to the funding mechanism for education in Illinois. Starting with fiscal year 2026, the bill mandates that the General Assembly must appropriate funds for the evidence-based funding formula under the School Code. This amount must be equal to or greater than the total funding allocated in the previous fiscal year, plus at least 51% of any new general funds available from estimated revenue growth. This structured allocation aims to ensure a consistent and accountable funding model for educational institutions across the state.
Notably, the bill's approach of requiring funding to exceed previous allocations and be grounded in a percentage of new revenues could foster contention among legislators. Critics may argue that this could constrain fiscal flexibility, particularly in times of economic downturns when revenues may not grow as anticipated. Additionally, amendments to the State Mandates Act requiring implementation without reimbursement raise concerns about the financial burden on local schools, potentially impacting their operational budgets and overall service delivery.