CHICAGO — State Senator Natalie Toro announced that the Chicago Public School District will receive over $25 million in additional funding to help address the financial challenges of recent years.
“As a CPS teacher, I saw firsthand the challenges of balancing limited resources with students’ needs,” said Toro (D-Chicago). “With the evidence-based funding formula, we are investing in schools and our children’s future — ensuring every student has access to quality education and support.”
The funding comes from the 2017 Illinois Senate Democrat-backed evidence-based funding formula — an overhaul of the way the state funds K-12 education. The law made school funding more equitable by calculating the needs of individual school districts and basing its state revenue on those needs. The formula takes into account a district’s total enrollment, poverty rate and number of special education or English language learners, among other factors.
Chicago Public School District 299 will see a total of $25,800,109 through the formula, which will benefit schools throughout the 20th Senate District and the city. The Fiscal Year 2025 budget invested $350 million in new funding into students’ success through the evidence-based funding model.
For more information on the FY 25 evidence-based funding distribution, visit the Illinois State Board of Education’s website.
