Crain’s Chicago Business Editorial Urges School Funding Reform - Metropolitan Planning Council

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Crain’s Chicago Business Editorial Urges School Funding Reform

By Dawn Melchiorre, A+ Illinois Research Assistant

Crain’s Chicago Business’ recent editorial “ Businesses – and students – need a tax break” ( March 7, 2005) urged state lawmakers to adopt a new state school funding model that “allocates both costs and benefits equitably” in our state. Crain’s points out that the current system to fund schools “shortchanges children in low-income school districts” and perpetuates the “economic divide in our state.”

The editorial also cites recent data that show businesses in Chicago now pay the fifth-highest property taxes, hampering job creation and economic investment in the Chicago region.

The editorial urges state and county officials to take stronger leadership on these issues and further acknowledges that meaningful school funding reform likely will need to include an increase in personal and corporate tax rates as well as some expansion of the sales tax base (both of which are proposed in Senate Bill and House Bill 750).

To read the editorial, please visit the Crain’s Chicago Business website at www.chicagobusiness.com. A subscription to the Web site is required.

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