Resources on School Finance for School Board Members and Administrators
Association Positions on School Finance
- Position Statements — Adopted by the IASB Delegate Assembly. Includes positions on state, local, and federal funding for schools.
School Finance Referenda
Finance election results — IASB maintains a database of school finance election results for bond issues (working cash and building bonds), school tax rate propositions, and county school facilities sales tax outcomes.
- Answers to FAQs Regarding Referendum Activities Conducted by School Officials (pdf) — The Illinois Council of School Attorneys(ICSA) publishes this guidance as part of its continuing effort to provide assistance to school leaders.
Sources of School Funding
Where Does the Lottery Money Go? (pdf) — Presents questions and answers about the Illinois lottery and its very limited impact on public school funding.
Understanding School Finance (pdf) — A brief look at where Illinois schools get their money and where they spend it.
Books on School Finance
Essentials of Illinois School Finance, by James B. Fritts — An effective reference for school business managers, budget makers, and anyone who needs to understand school finance.
Illinois School Law Survey, by Brian A. Braun — This resource book uses a question-and-answer format to address issues commonly encountered by school board members and administrators. Answers are based on state and federal statutes, court decisions and government agency regulations. Four chapters deal directly with school finance.
Illinois State Board of Education information about financing Illinois public schools: https://www.isbe.net/Pages/Finance-Budgets-and-Funding.aspx
Illinois State Board of Education Budget for Elementary and Secondary Schools: https://www.isbe.net/Pages/Budget.aspx
The following organizations offer numerous publications that address different aspects of school finance and taxation: