for FY 2003
These staff recommendations
are for consideration in the issuance of an Education Funding Advisory
Board interim report to the General Assembly for FY 2003 General State
- 105 ILCS 5/18-8.05(B) The
recommendation for the FY 2003 foundation level is $4,680. This recommendation
was derived by increasing the FY 2002 level of $4,560 by 2.6%, the most
recent CPI estimate for FY 2001.
- 105 ILCS 5/18-8.05(H) It
is anticipated that a poverty measure from the Department of Human Services
will be available for review by mid-December. A recommendation for the
FY 2003 poverty measure and allocation formula will be forthcoming shortly
after that review is completed.
- 105 ILCS 5/18-8.05(J) It
is recommended that the General State Aid Hold Harmless should continue
in its present form through FY 2003.
- 105 ILCS 235/15 The continuing
appropriation for General State Aid and Hold Harmless should be continued