House Sponsors: MADIGAN,MJ-DELGADO-COLLINS, HOWARD, STROGER, MCKEON, JONES,LOU, JONES,SHIRLEY, BURKE AND MURPHY. Senate Sponsors: MADIGAN,L Short description: SCH CD-SUPP ST AID-DISTRIBUTE Synopsis of Bill as introduced: Amends the State aid formula provisions of the School Code. Increases the minimum amount of supplemental general State aid funds that a school district with an average daily attendance of 50,000 or more is required to distribute in accordance with certain requirements to $293,000,000 (from $261,000,000) for the 2001-2002 school year, with this amount being increased for each school year thereafter by the same percentage increase, if any, as the percentage increase in the amount of general State aid allotted to the district. Effective immediately. HOME RULE NOTE (Dept. of Commerce and Community Affairs) HB 2523 pertains to State aid allotted to school districts. The legislation does not relate to a home rule unit of local government. FISCAL NOTE (State Board of Edcuation) The Chicago Public Schools received approximately $725.8 million in general State aid in FY01 of which approximately $207.2 million was through the supplemental general State aid component. The statute already requires the Chicago Public Schools to distribute $261 million of such "poverty" funds for these purposes, approximately $54 million more than they receive. HB 2523 increases this distribution from $261 million to $293 million in FY02. This will obviously increase the Chicago Public Schools "subsidy" for this purpose by $32 million. STATE MANDATES NOTE (State Board of Education) Sames as SBE fiscal note. HOUSE AMENDMENT NO. 2. Deletes everything after the enacting clause. Amends the School Code. Makes a technical change in a Section concerning the State aid formula. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0 END OF INQUIRY Full Text Bill Status