A clause in the 2017 school funding reform law was designed to provide property tax relief. But after one year of implementation, the State Board of Education is suggesting lawmakers might want to reconsider.
Under Illinois’ previous school funding structure, most of the burden fell on property owners. The 2017 law was designed to shift more of that load to the state, with an additional $350 million going mainly to the neediest districts. But $50 million of that was set aside to abate taxes in districts that were squeezing homeowners too hard.