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Title I of the federal Every Student Succeeds Act (ESSA) provides funds to schools with high concentrations of low-income, educationally disadvantaged students who require supplementary services. Over 87 percent of qualifying CPS schools will receive $203 million in Title I funding in FY2024.
17 gru 2019 · Specifically, the state’s new formula revealed that Chicago Public Schools (CPS) has only 66% of the funding it needs to adequately serve the more than 355,000 students in its schools every day.
17 gru 2019 · This report is the first in a series created by The Fund to guide the public discourse on equity and school funding. It will be followed by an informational video on the district’s budget as well as a collection of case studies that highlight principals with strong budgeting practices.
Schools receive a set rate of funding for every student to provide for core instruction. Schools serving high school or early elementary students receive more per pupil. Specific Student Support
CPS' annual financial reports detail district information including combined statements of revenues, expenditures, and changes in the financial position. The reports include both a comprehensive version for government agencies and a popular version for parents, students, community members, taxpayers, and civic leaders.
In FY2023, CPS is increasing funding outside of the per pupil formula to improve equity in school resourcing, including investments in equity grants for small schools, additional District-funded FTE allocations, and increases in Supplemental Aid and Title I rates for low-income students.
The amount of state funding that goes toward EBF is determined annually by the Illinois State Board of Education (ISBE), the Governor, and the Illinois General Assembly. When Illinois created EBF, the State promised that all school districts would be fully funded by 2027.
