– Stage 1: Determining the cost of educating all students, according to the defined cost factors. The result is the Adequacy Target for each district.
– Stage 2: Measuring each district’s local resources for comparison to the Adequacy Target.
– Stage 3: Distributing additional state funds to assist districts in meeting their Adequacy Targets.
Check out https://www.isbe.net/Documents/EBF_Presentation_Detailed.pdf for more information on the distribution system now being used for funding public schools. This system is only a vehicle for "how" to distribute funds. It is NOT a guarantee of funds for public schools. We as educators and those who want the best for our children need to be vigilant in making sure the State continues to adequately fund public education.