HB5745 Summary

• Appropriates $73,071,800 total for Board of Higher Education and Illinois Mathematics and Science Academy for fiscal year ending June 30, 2025, comprised of $25,641,800 in General Funds, $16,630,000 in Other State Funds, and $30,800,000 in Federal Funds

• Allocates $5.5 million for Board operational expenses and distributes funds for specific programs including Grow Your Own Teachers ($6 million), nursing school grants ($1.5 million), STEM diversity initiatives ($1.5 million), and basic needs insecurity assistance ($2 million)

• Appropriates nearly $30 million in federal funds for High Impact Tutoring ($25 million) and Community Behavioral Health Workforce Education Center ($10 million from state contracts fund)

• Funds Illinois Mathematics and Science Academy with approximately $23.98 million from Education Assistance Fund and $5.87 million from IMSA Income Fund for personnel, contractual services, and operational expenses

• Takes effect July 1, 2024