ERIC Number: ED168125
Record Type: RIE
Publication Date: 1978-Nov
Reference Count: 0
A Proposed Plan for Altering the Present State Aid System, to Correct for Objectionable Features of the Present Illinois System of Funding Public Education, and a Suggestion About a Way to Adjust Property Taxes Downward while Leaving the System Flexible.
Hubbard, Ben C.; Hickrod, G. Alan
The current method of financing education in Illinois is explained and reasons are advanced for changing it to afford property tax relief by a more equitable formula. The proposed plan and the arguments supporting it are then offered. The plan increases the state basic support level per student to $1,400, and the state assumes the full cost of the previous year's inflation on the basic $1,400 program. When school districts exceed the state-used rate in step one, the state assures those districts that their tax rate will at least get the dollars that the average of all like districts in the state would receive. Property tax relief would be achieved by replacing part of a property tax with alternative tax sources. It is suggested that the law authorizing this require the local collection form to calculate the tax bill, reduce any taxes that the bill reflects between 2 percent and 3 percent, and show on the form that the levy made by the board of education has been paid to the local district and that the taxpayer's bill was reduced by the amount of such taxes levied, but paid by the state. The tax reduction would be obvious and the prerogative of the local board would remain. (Author/MLF)
Descriptors: Educational Finance, Elementary Secondary Education, Inflation (Economics), Property Taxes, School District Spending, State Aid, State Legislation, State School District Relationship
Center for the Study of Educational Finance, Department of Educational Administration and Foundations, Illinois State University, Normal, Illinois 61761 ($1.00)
Publication Type: Reports - Evaluative
Education Level: N/A
Sponsor: Illinois School Problems Commission, Springfield.
Authoring Institution: Illinois State Univ., Normal. Center for the Study of Educational Finance.
Note: A presentation for the Illinois Association of School Boards; Not available in paper copy due to marginal legibility of original document; Appendix A may be marginally legible