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| [ Engrossed ] | [ House Amendment 001 ] |
91_HB0710
LRB9100429NTsbA
1 AN ACT relating to education funding.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 1. Short title. This Act may be cited as the
5 Fund Education First Act.
6 Section 5. Educational appropriations. Beginning with
7 fiscal year 2000 and in each fiscal year thereafter, subject
8 to the provisions of Section 10 of this Act, the General
9 Assembly shall appropriate for educational programs an amount
10 that is equal to or exceeds the sum of: (a) the total amount
11 appropriated from general funds for educational programs
12 during the fiscal year immediately preceding the fiscal year
13 for which the appropriation is being made; and (b) 51% of
14 total new general funds available for spending from estimated
15 growth in revenues and funds available because of budgeted
16 program growth and decline in the fiscal year for which the
17 appropriation is being made.
18 Section 10. State and federal funding. State funding
19 for educational programs shall continue to be appropriated
20 pursuant to the formula established in Section 5 until the
21 sum of State and federal spending represents one-half of the
22 total revenues available from local, State, and federal
23 sources for elementary and secondary education programs for
24 the current fiscal year, as estimated by the State
25 Superintendent of Education.
26 Section 15. Allocation. Two-thirds of the new general
27 funds to be appropriated pursuant to clause (b) of Section 5
28 shall be appropriated for elementary and secondary
-2- LRB9100429NTsbA
1 educational programs and one-third shall be appropriated for
2 higher education programs.
3 Section 20. Governor's budget. Beginning with fiscal
4 year 2001 and in each fiscal year thereafter, the Governor
5 shall include in his annual budget an allocation for
6 elementary and secondary education and higher education which
7 conforms to the provisions of this Act.
8 Section 99. Effective date. This Act takes effect upon
9 becoming law.