Understanding School Finance Publication Updated and Available Online

  • Date Posted
    October 9, 2020
  • Category
Maintaining the fiscal health of a school district and acting responsibly with taxpayer dollars are core responsibilities for school leaders. Often, the intricacies and mechanisms of Illinois school funding laws and regulations can be confusing and unclear. To provide a general understanding of school finance as it applies to Illinois school districts, IASB makes available the free “Understanding School Finance” publication.

The 12-page booklet provides a basic overview of fundamental questions and answers to the laws governing school finance in Illinois and how they impact different districts in different ways. School leaders will find answers to 12 fundamental questions that form the foundation of school finance. Information on funding sources, budgeting, taxes, and determining districts’ fiscal health are all included.

The school finance publication and other information, tools, and resources, are available on the IASB Pamphlets and Tools page.