SB3364 Summary

• Appropriates $16.2 billion total ($12.5 billion General Funds, $72.2 million Other State Funds, $3.7 billion Federal Funds) to Illinois State Board of Education and teacher retirement contributions for fiscal year beginning July 1, 2018

• Provides $8.3 billion in Evidence-Based Funding from multiple sources including Education Assistance Fund ($728.8 million), Common School Fund ($3.2 billion), and General Revenue Fund ($2.3 billion)

• Allocates $942.9 million for specific education programs including disabled student services, transportation reimbursement, special education, career/technical education, and alternative education programs

• Appropriates $4.2 billion from Common School Fund to Teachers' Retirement System of Illinois for state contributions and retirement benefits

• Effective July 1, 2018, with appropriations authorized for costs incurred through June 30, 2019