| | | | Title: | | | | | Volume/Number: | 2002 | | | | Issuing Agency: | | | | | Description: | The intent of this report is to lay out the pros and cons of different public school funding methods to allow for a better understanding of this controversial subject. The report begins by offering an overview of the property tax system in Illinois, including an explanation of how property assessed in Cook County is calculated differently than the rest of the State. The report then provides property tax statistics to show the extent that Illinois relies on local property taxes to fund education; the disparity that exists in the amounts residents pay for property taxes; how the State funds education and gives an overview of how the States general state aid is calculated; a summary of the Governors Commission on Property Tax Reform, as well as a summary of the recently-released preliminary recommendations of the States Education Funding Advisory Board. | | | | Date Created: | 09 30 2002 | | | | Agency ID: | | | | | ISL ID: | 000000015912 Original UID: 8699 FIRST WORD: Education | |
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