The school aid includes both general State aid (GSA) and a series of categorical grants provided to many school districts to cover parts of the costs of mandates imposed by the State and other costs of school district operation. In addition, the FY17 K-12 education bill appropriated $361 million over what was distributed last year in FY16 for the 2015-16 school year. It also allocates $250 million for a new statewide equity grant that will be distributed to school districts based on the State Board of Education’s low income grant formula. The plan also includes a $75 million increase for early childhood education. It does not include a state bailout of Chicago Public Schools.
This chart illustrates the estimated increase in funding that District 64 schools will receive for 2016-2017: