HB3421 Summary

• Appropriates $12,849,362,500 total for Illinois State Board of Education for fiscal year beginning July 1, 2013, including $9,781,173,100 in General Funds, $60,778,900 in Other State Funds, and $3,007,410,500 in Federal Funds

• Allocates $4,136,350,800 for General State Aid from the Education Assistance Fund and Common School Fund, including $376,821,600 and $3,759,529,200 respectively

• Appropriates $1,682,159,600 for special education services, disabled student personnel reimbursement ($440,500,000), disabled student transportation ($450,300,000), and other support programs

• Provides $2,077,100,000 in federal funding including $930,000,000 for Title I, $700,000,000 for IDEA special education, and $157,000,000 for teacher/principal training

• Appropriates $3,540,059,000 for teacher retirement system contributions and teacher health insurance, including $3,437,478,000 from the Common School Fund to the Teachers' Retirement System of Illinois

• Effective date July 1, 2013