More than $690,500 in new money funneled to Pana students in just two years

ManarPanaStudents350PANA – Pana-area families will continue to benefit from Illinois’ new school funding formula, which guarantees an added $274,000 for the school year that is getting underway, State Senator Andy Manar said today.

That means the new formula will have pumped more than $690,500 in additional money into Pana schools during its first two years on the books.

“Long underfunded school districts like Pana are finally getting the attention and the state support they’ve been starved of for too many years,” said Manar, a Bunker Hill Democrat and the driving force behind passage of the new school funding formula.

“I am delighted the evidence-based model is working as we expected it would. It’s exciting to learn about the growth and innovation happening in our classrooms because of this new, equitable approach to funding education.”

Many school districts are rehiring teachers and counselors who were laid off because of budget constraints, reinstating vital programs, creating innovative new learning programs, and establishing much-needed stability so they can budget for the future.

Under the evidence-based model, no schools receive less money than they did the previous year, and last year’s new money becomes part of the current year’s base funding minimum. This allows long-underfunded schools to achieve adequate funding over time without penalizing schools that have already had adequate funding.

Last year – the first year under the new formula – Pana CUSD 8 received $416,608 in new, additional money, bringing its total state funding to more than $6.2 million.

This year, nearly $274,000 will be added to Pana’s total for the new school year under the new formula. This brings the district’s total state funding for the upcoming year to just over $6.5 million.

Christian County school districts will receive more than a half-million dollars in additional funding under Year 2 of the new formula for the 2018-2019 schoolyear:

  • Taylorville CUSD 3 – $176,455 in new money | $8 million total state contribution
  • South Fork SD 14 – $43,585 in new money | $1.8 million total state contribution
  • Morrisonville CUSD 1 – $13,641 in new money | $754,593 total state contribution
  • Edinburg CUSD 4 – $9,621 in new money | $555,910 total state contribution

In all, school districts in the 48th Senate District will receive nearly $5.8 million in new money this year under the new formula. Added to last year’s total of about $8 million, public schools represented by Manar have received nearly $14 million in new money in just two years.

Category: School Funding Reform

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