News - Joliet and Will County

49th Senate District schools to receive over $200 million in additional funding

State Sen. Meg Loughran Cappel has announced that school districts across the 49th Senate District will receive nearly $206 million in funding to help address the financial challenges of recent years.

The funding comes from the 2017 evidence-based funding formula — an overhaul of the way the state funds K-12 education. The law made school funding more equitable by calculating the needs of individual school districts and basing its state revenue on those needs. The formula takes into account a district’s total enrollment, poverty rate and the number of special education or English language learners, among other factors.

Some local schools that are set to receive funding include:

  • Oswego CUSD 308: $89,022,359
  • Troy Community CUSD 30C: $5,251,688
  • Richland School District 88A: $1,156,239
  • Plainfield School District 202: $111,443,449

The Fiscal Year ‘23 budget invested an additional $350 million into students’ success through the evidence-based funding model. For more information, visit isbe.net/pages/evidencebasedfunding.