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News

FOR IMMEDIATE RELEASE
January 4, 2002

State Board Reserves $25 Million to Aid in Balancing State Budget
Response to Governor’s request regarding Post-September 11 Economic Downturn

The State Board of Education will place $25 million of its FY02 budget in reserve, complying with Governor George Ryan’s request to assist in balancing the state budget impacted by a post-September 11 economic downturn.

State Board officials said that after reviewing the entire $6.2 billion state general fund budget for elementary and secondary education the reserves were selected to have the smallest possible negative impact on schools and students. No reserves will be withheld from General State Aid or mandated categorical programs (such as special education and transportation) - line items from which local school districts get the bulk of their state support.

“It is difficult to hold funds in reserve, because we would like to send every dollar available to help local schools,” said Ernest R. Wish, State Superintendent of Education. At the same time, the state’s budget is left with a $500 million gap because of the unpredicted economic downturn.

“We must do our part to help balance the budget,” Wish said. “With that in mind, we have selected areas that will bring the least pain to schools.”

Of the $25 million reserve, $9.5 million will be drawn from operations accounts, including $4.5 million in agency administration. The remaining $15.6 million will be reserved from grants that were appropriated.

ILLINOIS STATE BOARD OF EDUCATION
FY02 General Revenue Funds Reserve
(Dollars in 000's)

INITIATIVES

FY02
APPROP

$25M
RESERVE

     

School Safety & Ed Improvement (ADA) Block Grant

72,000.0

2,000.0

Early Intervention

71,480.0

4,000.0

Career and Technical Education Programs

53,874.5

2,000.0

Agency Administration

28,345.3

4,525.0

Alternative Learning/Reg. Safe Schools

18,852.0

1,000.0

Illinois Charter Schools

11,000.0

3,200.0

Scientific Literacy

8,583.0

1,000.0

Teachers Academy for Math & Science

7,001.9

1,500.0

District Consolidation Costs

4,200.0

500.0

Substance Abuse & Violence Prevention

2,750.0

250.0

Academic Difficulty

2,649.6

25.0

Agricultural Education

2,000.0

50.0

Low Incidence Disabilities

1,500.0

1,500.0

Parental Involvement Campaign

1,500.0

500.0

Vocational Education Staff Development

1,299.8

1,299.8

Family Literacy

1,000.0

750.0

School Breakfast Incentive Program

1,000.0

250.0

Temporary Relocation Programs

565.0

565.0

Illinois Learning Partnership

500.0

100.0

Metro East Consortium for Child Advocacy

250.0

25.0

Middle Level Schools

100.0

25.0

     

Total Reserves

$5,339,168.1

$25,064.8

     

*Includes other operation lump sums in addition to Agency Administration.

Illinois State Board of Education
100 North First Street
Springfield, IL 62777