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State education finance systems take center stage

from U.S. News & World Report

Until earlier this year, Illinois was one of the last states in the country whose education funding system relied almost entirely on property taxes, spawning a vicious and inequitable funding cycle that left property-poor districts with large numbers of low-income students chronically underfunded. After years of partisan bickering, state legislators approved this summer a new funding formula that directs more resources to poor and rural districts. more

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