Amends the School Code. Provides that the State Board of Education, in cooperation with the Department of Revenue, shall conduct an education funding reform study, with a goal of adopting a system that controls costs while creating a more equitable funding system. Provides that the State Board of Education shall study the feasibility of creating a statewide shared funding system. Effective immediately.

Statutes affected:
Introduced: 105 ILCS 5/1