DeKALB – DeKalb School District 428 was chosen as one of 39 school districts in the state to get a piece of a $53.6 million Property Tax Relief Grant for fiscal 2020.
According to a news release from the Illinois State Board of Education, DeKalb District 428 was chosen out of 233 districts that applied for the funding.
Districts that are awarded the relief grant have the highest tax rates within three different categories: elementary, high school or unit district, the release shows.
This year, 11 more districts were awarded money because of policy changes at the state level which expanded eligibility for additional districts. The policy changes allow the grant amount to become a permanent part of district’s base funding moving forward.
The Property Tax Relief Grant is state funding that comes from the Evidence-Based Funding for Student Success Act, which allows eligible school districts to cut local property taxes and replace that revenue with state funds, the release shows.
According to the release, the $53.6 million grant which will be disbursed to the 39 districts will replace a total of $57.3 million in local property taxes.
Source: The Daily Chronicle