IL SR1168

Urges the State Board of Education (ISBE) to issue guidance and best practices for school districts regarding debt service and reserve ratios.

Addresses financial burdens on school districts resulting from lines of credit borrowed during the two-and-a-half-year budget impasse, which imposed interest costs that increase local property tax pressure.

Seeks guidance on appropriate funding sources and reserves for capital maintenance and planning projects that do not excessively burden property owners.

Notes that disparities in school district cash reserves and property tax levies create unequal funding and tax burdens across Illinois.