Students First Illinois

HOT TOPICS:

	Assessment
	Back to School!
	Conservation
	Curriculum
	District growth
	Drugs/alcohol
	Early childhood
	EFAB
	FY08 State Budget
	Grants
	Health & Nutrition
	Home schooling
	ISBE
	Legislation
	Litigation
	Math & Science
	Meeks/Gidwitz Plan
	NCLB
	Other states
	Personnel issues
	Private Education
	School boards
	School finance
	School funding
	School referenda
	Special education
	Student violence
	Unions

Resource Center > More Resources

HB750 info from CTBA

8/31/2004

Center for Tax and Budget Accountability

CTBA_HB750.pdf
To view the following document, you will need Adobe Acrobat. Click on the image to download the latest version of Adobe Acrobat.
Click Here to view
Click here to download

CTBA_HB750_benefits.pdf
To view the following document, you will need Adobe Acrobat. Click on the image to download the latest version of Adobe Acrobat.
Click Here to view
Click here to download

CTBA_Q&A.pdf
To view the following document, you will need Adobe Acrobat. Click on the image to download the latest version of Adobe Acrobat.
Click Here to view
Click here to download

TOTAL COST OF REFORM

$2.4 billion in property tax relief: 25% of property taxes currently used to fund education

$1.8 billion to increase the foundation level as provided in EFAB/Augenblick & Myers

$2.0 billion to eliminate structural deficit

$900 million refundable credit to bottom 60% of all taxpayers

School Funding Reform Cost: $4.20 billion
Total Cost: $7.10 billion
Net Tax Increase after Property Tax Relief: $4.70 billion

E-mail this article to a friend | Printer friendly format