Bill Summary: HB3763

• Appropriates $5,632,186,400 from the Education Assistance Fund, Common School Fund, and General Revenue Fund for General State Aid to the Illinois State Board of Education for fiscal year beginning July 1, 2015.

• Allocates $85,000,000 from the General Revenue Fund for supplemental grants to school entities to reduce per-student funding losses, distributed first to entities with greatest losses.

• Appropriates $1,821,048,700 from the General Revenue Fund for specialized education programs including disabled student services ($926,400,000), transportation ($450,500,000), special education ($303,829,700), and various other educational initiatives.

• Appropriates $3,863,385,455 from the Common School Fund and Education Assistance Fund for Teachers' Retirement System contributions, including $3,741,702,194 for the state's retirement contribution and $108,258,261 for teachers' health insurance.

• Appropriates $2,823,500,000 from federal Department of Agriculture and Education funds for child nutrition, Title I-X programs, IDEA special education funding, and vocational education programs for fiscal year beginning July 1, 2015.