Illinois is No. 14.

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nixit71
4 years ago

I like to cite studies like this when folks think Illinois needs to spend more on education… – Of the 4 states with higher GDP’s than Illinois, only one (NY) spends more per pupil – We spend a lot more than California, even with their super-high tax rates – Of the 9 states with no state income tax on regular income, only Alaska and Wyoming spend more As the article mentions, comparing how much cost of living deviates from education spending raises some interesting observations as well. On one end of the spectrum, there are states like Nevada that have… Read more »

Mike
4 years ago

Illinois education spending is higher than 14. The Illinois education spending figures (roughly K-12) do not include the annual state contribution to the TRS pension fund which is now roughly around $3.5 billion dollars. That number is likely going up. Per a January 11, 2016 letter from TRS. “RE: Final Certification of FY 2017 TRS State Contribution Requirement” “• Under current law, the certified FY 2017 state contribution is $3,986,583,351. • Under Actuarial Math 2.0, the certified FY 2017 state contribution is $6,070,973,314.” TRS is the Teachers Retirement System of the State of Illinois, which is the pension system for… Read more »

Mike
4 years ago
Reply to  Mike

This might help to understand education revenues spending in Illinois.

Here are the major buckets of state revenues to school districts for early childhood – 12 spending.

– General State Aid (GSA)

– Block Grants (Special Education, Early Childhood Education, Transportation, etc.)

– State Contribution to the Pension fund

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At the local level, property taxes are obviously the major source of revenue.

But there are also fees charged by school districts.

And some counties have in Illinois have approved by referendum a county school facilities occupation tax for education.