The Illinois State Board of Education released details of how it will distribute $9.3 billion in Evidence-Based Funding to public schools for the upcoming academic year.

K-12 schools are in line for $9.2 billion through the evidence-based funding formula, which is a $350 million increase over last year.

Today, the buying power of what Illinois invests in higher education is dramatically lower than it was in the year 2000 and beyond that, there’s also a move in the General Assembly to change how that smaller pie is apportioned.

The state Board of Education says it needs a more accurate count of low-income students as participation in federal assistance programs declines.

The Illinois State Board of Education unanimously approved an overhaul to its system for deciding how well schools across the state are performing.

Legislation currently in the Illinois House seeks to make funding public universities more equitable.

Illinois House Bill 1581 advanced out of committee in late March. If passed, it would change how the state funds higher education.

A bill that would change the way public universities are funded in Illinois is making its way through Springfield. HB1581 and SB13 represent what supporters are calling the Adequate and Equitable Public University Funding Act.

Illinois House Democrats passed a plan out of committee Thursday morning to create an evidence-based funding formula for Illinois public colleges and universities.