SB2408 Summary

• Appropriates $421,302,600 total for Illinois Community College Board ordinary and contingent expenses for fiscal year beginning July 1, 2009, consisting of $364,700,500 General Funds, $56,572,100 Other State Funds, and $30,000 Federal Funds.

• Allocates $2,144,400 from General Revenue Fund for Board operations including personal services ($1,224,200), electronic data processing ($437,800), contractual services ($342,200), and other administrative expenses.

• Distributes $77,802,351 in grants to qualifying public community colleges including equalization grants ($73,024,451), workforce development grants ($3,311,300), small college grants ($840,000), and retirees health insurance grants ($626,600).

• Appropriates $195,745,149 for base operating grants to community colleges from the Education Assistance Fund and $59,808,300 for adult education and literacy activities from multiple fund sources.

• Includes $15,513,400 in supplemental American Recovery and Reinvestment Act funding for community college base operating and equalization grants for economic stimulus purposes.