Fact Sheet: SB16—School Funding Reform Act of 2014
Release: November 11, 2014
To address concerns about inequity in the Illinois' K-12 education funding formula, the Illinois Senate unanimously established the Education Funding Advisory Committee or “EFAC” in July of 2013. One specific goal supported by EFAC was making said distribution more equitable from a needs-based standpoint. In April of 2014, Senator Andy Manar (D-48) introduced SB16 in part to implement some of EFAC’s recommendations. CTBA's Fact Sheet outlines the primary goals, basic mechanics, and equity concerns of SB16.