Homewood District 153 is closing its books with an additional $187,000 added to the Education Fund.
The school board amended its 2018 budget at its June 18 meeting to reflect the additional money from the State of Illinois as part of the Illinois Legislature’s evidence-based funding formula approved in 2017.
John Gibson, chief school business officer, said although the legislature took action on the new formula in August 2017 it took until April 2018 for the formula to be designed.
The evidence-based funding formula is meant to advance fairness in funding. Schools have been supported primarily . . .