State Funding Highlights/Impact To District Budget

BUDGET 2002-2003
SB 2393
APPROPRIATION FOR EDUCATION

• Per student foundation level – held to 2002 appropriation at $4,560.00
• The "hold harmless" line item funded at $65.7 million
• $10 million was added to the poverty grant line item. The increased poverty grant funding would give school districts in the 20-35% student poverty level an additional $140 per student and give school districts in the 35-50% student poverty level an additional $29 per student.
• Funds the ADA Block Grant at $66.8 million
• $3.7 million was provided to the early childhood education program matching the FY02 funding level
• Decreases the Standards, Assessment and Accountability line item by $4.1 million
• Vocational education is level funded
• Those line items that were eliminated: Academic Early Warning List program ($3.6 million); Reading Improvement Statewide Program ($3.4 million); Student at Risk Grants/Academic Difficulty ($2.5 million); Scientific Literacy and Mathematics and the Center for Scientific Literacy ($6.9 million)
• Governor’s new line item for a universal pre-school pilot program is funded at $5.2 million
• Governor’s new line item for a teacher mentoring program is funded at $8.1 million
• Governor’s new line item for an administrator mentoring program is funded at $450,000
• Governor’s new line item for the "Teach America" program is funded at $450,000
• Governor’s $3.6 million increase for National Board Certification is retained
• The "Golden Apple" program was reduced by $40,000 funded at $2.9 million

Impact to District #108 Budget:

BUGET 2002-2003
LOCAL PROPERTY TAXES, CORPORTATE PERSONAL PROPERTY REPLACEMNT TAX, GENERAL STATE AID, AND OTHER ISSUES

• The Equalized Assessed Valuation (EAV) has increased from $336 million to $359 million.
• The Consumer Price Index (CPI) for the 2001 extension is 3.4%.
• The total 2001 levy extension is $9,878,239. The levy extension has increased by $476,337 or 5% over the 2000 extension.
• The District’s tax rate has decreased from $2.79 to $2.74 primarily due to PTELL.
• The Illinois Department of Revenue has estimated that Corporate Personal Replacement Property Taxes (CPPRT) revenue will decease from $2.4 million to $2.0 million in FY03.
• General State Aid is projected to decrease from $8.1 million to $7.6 million due to a reduction in student enrollment.
• Mandated categorical programs will be pro-rated at about 90%. Prorations for some of the larger programs are approximately:
  • Special Education Personnel – 90%
  • Special Education Extraordinary – 90%
  • Special Education Transportation – 85%
  • Regular Transportation – 85%
• Federal Title I program estimated to increase from $1 million to $1.2 million.
• District bond indebtedness of $1.4 million will be paid in full by December 2002
• Compensation Committee currently negotiating salary and benefits for contract.
• Two junior high and eight primary positions have been eliminated from the 2002-2003 budget.