Evidence-Based Funding & ESSA Resources

The Evidence-Based Model of School Funding and the Every Student Succeeds Act (ESSA) have made waves in the way education is funded and the way expenditures will be reported by school districts. Take advantage of the resources and events below to stay in the know on the impact of these two pieces of legislation.

Evidence-Based Funding

On August 31, Governor Bruce Rauner signed SB 1947, enacting a new evidence-based school funding formula into law. The resources and events below provide guidance on how this law impacts your district.

Evidence Based Funding Model Tutorial Video Playlist

Executive Director, Dr. Michael Jacoby (IASBO) and Superintendent Gary Tipsord, LeRoy CUSD #2 (IASA) have worked with the Illinois Principals Association to develop a series of Evidence Based Funding Model tutorial videos to help answer your questions.

There are 5 videos in the series:

Fix the Formula Document

See a Distribution Analysis for Evidence-Based Funding in FY 2018

​The Evidence Based Funding for Student Success Act prioritizes distribution of new funding to the students with the most need and the most poorly funded school districts. The calculations released April 5 by the Illinois State Board of Education confirm that the new formula provides a roadmap to adequacy and effectively distributes $366 million in new funding for the 2017-2018 school year.

DOWNLOAD FACT SHEET

Every Student Succeeds Act (ESSA) — Site-Based Expenditure Reporting

Due to a need for data on a school-level basis to comply with ESSA, ISBE is currently working on a new data collection mechanism. Collecting the necessary data to input in this form will require more school district reporting processes. Illinois ASBO has been represented by Executive Director/CEO Dr. Michael Jacoby, Past President Susan Harkin and Treasurer Dr. Dean Romano on an advisory committee has been formed to help ISBE with the process. Watch this page and ISBE's website for the latest updates!

See the guidance document from ISBE released on January 30, 2018!

Download a Suggested District Implementation Timeline.

ESSA Site Based Accounting - Forecast5 Webinar

Webinar: ESSA Site-Based Financial Reporting Solution

Join Dr. Michael Jacoby and David Torres of Forecast5 Analytics for a webinar to review the ESSA site-level expenditure reporting requirements. As a member of the ISBE advisory committee on this issue, Dr. Jacoby offers his guidance to help districts meet this new requirement.
 
This webinar previews a Forecast5 tool that allows for quick disaggregation of general ledger data to create an automated report that will meet ESSA reporting requirements in the prescribed ISBE format.

Watch the webinar

IPA Webinar

Preparing for Implementation: Watch the Latest Video Update

What should you be doing now to prepare for  site-based expenditure reporting under the Every Student Succeeds Act (ESSA) at the end of FY 2019?

The latest of three video updates (published May 1, 2018) on the issues features a panel discussion including Illinois ASBO Executive Director/CEO Michael A. Jacoby, Ed.D., SFO, CAE, along with Susan L. Harkin, Chief Operating Officer at Comm. Unit Sch. Dist. 300, Michael J. Duback, Dir./Operations, CSBO at LaGrange Highlands SD 106, Sara R. Shaw, Senior Manager of Fiscal & Academic Solvency at Illinois State Board of Education, Carrie Stewart, Managing Director at Afton Partners.

Get a recap on the ESSA legislation, an update on the work of the advisory committee as well as what your district can be doing right now to prepare for implementation in terms of data reporting processes and communication. 

WATCH THE LATEST PANEL DISCUSSION