New data suggests just how big a hit most school districts would take if Illinois' income tax rate rolls back as scheduled at the end of the year.
Data released this week by the State Board of Education shows public schools stand to lose 450-million dollars. In southern Illinois, most school district would see significant cuts in state funding.
According to the ISBE report, Effingham, Marion and Herrin school districts each stand to lose more than $1,000,000 in state funding. The Mt. Vernon school district and the East Richland School district in Olney could each see a $950,000 reduction in state funds in the coming fiscal year. Other local schools potentially losing out include, Unity Point Grade school in Carbondale at nearly $400,000, Tri-Co school district in Jackson County could see a $426,000 decrease while Cobden, Anna Grade school and Anna-Jonesboro High School in Union County each stand to lose more than $300,000 in state school funds if the state's temporary income tax is allowed to sunset at the end of the year.
A school district-by school district break-down of the State Board of Education funding estimate for FY-15 is available here. Additional information from the Illinois State Board of Education is available on education funding is available here.
