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May 23, 2003
House and Senate Pass Education Spending Plan
The Illinois House and Senate have both approved an education
budget totaling $6.4 billion in General Funds and will
send the measure to the Governor. But the issue is far
from finally resolved, for two main reasons: neither chamber
has yet addressed the revenue side of the equation –
how to pay for the programs they have approved; and, Governor
has line item veto power over the state budget, so he
is able selectively to remove items for whatever reason
he deems appropriate.
You will find a comparison of the final FY03 education
budget and the version passed today by the General Assembly
at: http://www.isbe.net/news/2003/04_GA.pdf
You will find district-by-district projections of General
State Aid and selected categorical programs under the
General Assembly passed bill at: http://www.isbe.net/news/2003/ProjCats_FY04_Districts_Only.pdf
Additional budget-related
information
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