Litchfield to Receive Nearly $250,000 in School Funding
Wed, 29 Aug 2018 11:37:56 CDT
Litchfield-area families will continue to benefit from Illinois' new school funding formula, which guarantees an added $246,179 for the school year, according to State Senator Andy Manar.
The new formula will have pumped more than $563,000 in additional money into Litchfield public schools during its first two years on the books and nearly $1.2 million in additional money into Montgomery County's four public school districts combined. Last year, Litchfield received $317,159 in new money under the evidence-based model, bringing its total state funding to more than $5.5 million. With the new money this year, its total state funding for the year will be $5.8 million, according to the Illinois State Board of Education.
Montgomery County school districts will receive more than a half-million dollars in additional funding under year two of the new formula. Hillsboro will receive $127,546, bringing their total state contribution to $4.58 million. Nokomis will receive $105,717, which will bring their total state contribution to $2.88 million. The Panhandle District will receive $21,979, bringing their total state contribution to $1.17 million.
According to Sen. Manar, Montgomery County school districts will have received $14 million in new money in just two years under the new forumla.
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