A proposal to change the state school funding formula does not help Bloomington Normal school districts. Under analysis released by the State Board of Education, Unit Five would lose 15% of its state aid or about $3 million per year. District 87 Schools would drop 8.4% of its current share of state aid or close to three quarters of a million dollars. District 87 Superintendent Barry Reilly predicted the loss several weeks ago saying while student poverty rates are somewhat elevated in Bloomington Schools, the property tax base is still healthy enough to prevent the new calculation from helping out. The bill drafted by State Senator Andy Manar of Bunker Hill is supposed to weight poverty rates and the tax base to help out poorer schools. For instance, District 150 in Peoria would see a nearly 17% boost in state funding for an increase of $8.2 million per year. Meanwhile the Olympia District would lose close to $400,000 per year or an 8.5% reduction. Data used to figure the impact to the ISU Lab Schools do not appear to be complete.
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