SB2146 Summary

• Appropriates $15,326,492,574 total ($11,594,556,774 General Funds, $77,348,900 Other State Funds, $3,654,586,900 Federal Funds) to the Illinois State Board of Education for fiscal year beginning July 1, 2017

• Provides $23,530,900 for ISBE operational expenses and approximately $5.1 billion in General State Aid payments to eligible school entities with priority given to maintaining prior-year funding levels and equity grants

• Allocates significant funding for special education services ($442.4 million student personnel, $450.5 million transportation, $233 million tuition), transportation ($351.1 million), early childhood education ($443.7 million), and bilingual education ($102 million)

• Appropriates $3,869,252,674 from Common School Fund to Teachers' Retirement System of Illinois for state pension contributions plus additional amounts for teacher health insurance and minimum retirement allowances

• Takes effect July 1, 2017