FOR IMMEDIATE RELEASE
January 4, 2002
State Board Reserves $25
Million to Aid in Balancing State Budget
Response to Governor’s request regarding Post-September 11 Economic
Downturn
The State Board of Education
will place $25 million of its FY02 budget in reserve, complying with Governor
George Ryan’s request to assist in balancing the state budget impacted
by a post-September 11 economic downturn.
State Board officials said that after
reviewing the entire $6.2 billion state general fund budget for
elementary and secondary education the reserves were selected to have
the smallest possible negative impact on schools and students. No
reserves will be withheld from General State Aid or mandated
categorical programs (such as special education and transportation) -
line items from which local school districts get the bulk of their
state support.
“It is difficult to hold funds in
reserve, because we would like to send every dollar available to help
local schools,” said Ernest R. Wish, State Superintendent of
Education. At the same time, the state’s budget is left with a $500
million gap because of the unpredicted economic downturn.
“We must do our part to help
balance the budget,” Wish said. “With that in mind, we have
selected areas that will bring the least pain to schools.”
Of the $25 million reserve, $9.5 million
will be drawn from operations accounts, including $4.5 million in agency
administration. The remaining $15.6 million will be reserved from grants
that were appropriated.
|
ILLINOIS STATE
BOARD OF EDUCATION
FY02 General Revenue Funds Reserve
(Dollars in 000's)
|
|
INITIATIVES
|
FY02
APPROP
|
$25M
RESERVE
|
| |
|
|
|
School Safety & Ed Improvement
(ADA) Block Grant
|
72,000.0
|
2,000.0
|
|
Early Intervention
|
71,480.0
|
4,000.0
|
|
Career and Technical Education
Programs
|
53,874.5
|
2,000.0
|
|
Agency Administration
|
28,345.3
|
4,525.0
|
|
Alternative Learning/Reg. Safe
Schools
|
18,852.0
|
1,000.0
|
|
Illinois Charter Schools
|
11,000.0
|
3,200.0
|
|
Scientific Literacy
|
8,583.0
|
1,000.0
|
|
Teachers Academy for Math &
Science
|
7,001.9
|
1,500.0
|
|
District Consolidation Costs
|
4,200.0
|
500.0
|
|
Substance Abuse & Violence
Prevention
|
2,750.0
|
250.0
|
|
Academic Difficulty
|
2,649.6
|
25.0
|
|
Agricultural Education
|
2,000.0
|
50.0
|
|
Low Incidence Disabilities
|
1,500.0
|
1,500.0
|
|
Parental Involvement Campaign
|
1,500.0
|
500.0
|
|
Vocational Education Staff Development
|
1,299.8
|
1,299.8
|
|
Family Literacy
|
1,000.0
|
750.0
|
|
School Breakfast Incentive Program
|
1,000.0
|
250.0
|
|
Temporary Relocation Programs
|
565.0
|
565.0
|
|
Illinois Learning Partnership
|
500.0
|
100.0
|
|
Metro East Consortium for Child
Advocacy
|
250.0
|
25.0
|
|
Middle Level Schools
|
100.0
|
25.0
|
| |
|
|
|
Total Reserves
|
$5,339,168.1
|
$25,064.8
|
| |
|
|
|
*Includes other operation lump
sums in addition to Agency Administration.
|
|
