HB2792 Summary

• Increases the Minimum Funding Level for Evidence-Based Funding from $350,000,000 to $550,000,000, establishing a higher annual funding target for Illinois public schools.

• Establishes a continuing appropriation from the General Revenue Fund to automatically fund the Minimum Funding Level each fiscal year unless a lower amount is expressly enacted into law.

• The bill is part of Illinois's Evidence-Based Funding formula, which distributes state education funds to school districts based on calculated adequacy targets rather than historical spending patterns.

• Effective July 1, 2023, this increase aims to advance the state's progress toward fully funding all Illinois public schools according to the evidence-based model.