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INDEX

Module by: Thomas Kersten. E-mail the author

INDEX

Taking the Mystery Out of Illinois School Finance

Thomas A. Kersten, Roosevelt University

  • ADMINISTRATIVE COST CAP, 30
  • ANNUAL FINANCIAL REPORT (AFR), 29
  • BALLOON LEVY, 37
  • BOND
    • Defined, 42-43
    • Sale process, 43
  • BORROWING
    • Building bonds, 44
    • Capital leasing, 45
    • Life-safety bonds, 44
    • Other bond options, 45
    • Short-term borrowing, 41-42
    • Working cash bonds, 43-44
  • BUDGET
    • Deficit, 4
    • Defined, 25
    • Funds, 26-27
    • Methods, 30-31
    • Requirements, 29-30
  • BUSINESS PROPERTY TAX APPEALS, 39, 81
  • CATEGORICAL STATE AID, 19
  • COMPENSATION
    • Administrative compensation, 60-61
    • Indexing, 59
    • Longevity, 59
    • Non-certified personnel, 60
    • Salary market philosophy, 56-57
    • Schedule increase, 55
    • Step increase, 57-58
    • Teacher compensation, 57-60
    • Total compensation, 64
  • CORPORATE PERSONAL PROPERTY REPLACEMENT TAX (CPPRT), 20
  • DEBT EXTENSION LIMIT, 42
  • DEFICIT REDUCTION PLAN, 29-30
  • DEPENDENT CARE ASSISTANCE, 62
  • EDUCATIONAL FOUNDATIONS, 23
  • EDUCATIONAL FUNDING ADVISORY BOARD (EFAB), 18
  • EDUCATION FOR ALL HANDICAPPED ACT (94-142), 8
  • ELEMENTARY AND SECONDARY EDUCATION ACT OF 1965 (ESEA), 7-8
  • EMPLOYEE BENEFITS, 61-64
  • EQUITY AND ADEQUACY, 81
  • FEDERAL GOVERNMENT
    • Authority, 5-6
    • Role, 6
  • FINANCIAL PROFILE, 30
  • FINANCIAL PLANNING
    • Assumptions, 47-50
    • Defined, 48
    • Developing financial projections, 48-50
    • Interpreting financial projections, 50-53
  • FISCAL YEAR, 9
  • FIXED ALLOCATION BUDGETING METHOD, 31
  • FLEXIBLE SPENDING ACCOUNT (FSA), 62
  • FOUNDATION LEVEL, 17
  • FUND ACCOUNTING, 25-26
  • HEALTH INSURANCE
    • Fee for services, 62
    • Health Maintenance Organization (HMO), 62
    • Health Reimbursement Account (HRA), 62
    • Health Savings Account (HSA), 62-63
    • Preferred Provider Option (PPO), 62
    • Managing costs, 63-64
  • INSOLVENCY
    • Financial Oversight, 78-79
    • School Finance Authority (SFA), 78
  • LAND ORDINANCES, 6-7
  • LEGAL BASIS FOR PUBLIC EDUCATION
    • Tenth amendment, 5-6
  • LOTTERY, 22
  • NO CHILD LEFT BEHIND (NCLB), 8
  • PROPERTY TAXES
    • Assessment levels, 10-12
    • Assessed valuation, 10
    • Assessment inconsistencies, 11
    • Equalized Assessed Valuation (EAV), 12, 16
    • Extension, 35, 37
    • Formula, 12-13
    • Levy, 16
    • Multiplier (State equalization factor), 11-12
    • Politics, 19-20
    • Property value, 15
    • Reassessment, 14
    • Tax base, 10
    • Taxing district, 15
    • Tax rate, 12, 16
    • Tax year, 9
    • Property tax timeline, 16-17
    • Property tax exemptions, 16
  • PROPERTY TAX EXTENSION LIMITATION LAW (PTELL)
    • Defined, 33-36
    • Effect of, 39-40
    • History of the CPI, 35-36
    • Home improvement exemption, 37
    • New growth, 36
  • REFERENDUM
    • Challenges, 71-72
    • Types, 73-74
    • Conducting a referendum campaign, 73-77
  • RETIREMENT
    • 403b, 68
    • 457, deferred compensation, 69
    • Chicago Teacher Pension Fund, 66-67
    • Early Retirement Option (ERO), 65-66
    • Illinois Municipal Retirement Fund (IMRF), 67
    • Illinois Reciprocal Retirement Act, 67
    • Pension under-funding, 83
    • Teacher Retirement System (TRS), 65-66
  • REVENUE SOURCES
    • Categorical state aid, 19
    • Competitive grants, 20-21
    • Corporate Personal Property Replacement Tax (CPPRT), 20
    • Federal aid, 21
    • General state aid, 17
    • Interest income, 22
    • Local sources, 21
    • Sales tax, 22
    • School funding reform, 82
  • STAFFING
    • Role of collective bargaining, 55-56
    • Methods, 55-56
  • STATE AID FORMULAS
    • Alternative method, 18
    • Flat grant, 18
    • Foundation formula, 17-18
  • STATE EQUALIZATION FACTOR (MULTIPLIER), 11-12, 16
  • STUDENT ACTIVITY FUND, 31
  • TAX ANTICIPATION WARRANTS, 41-42
  • TAX CAP (SEE PROPERTY TAX EXTENSION LIMITATION LAW)
  • TAX INCREMENT FINANCING (TIF), 22-23
  • TITLE I, 8
  • TOWNSHIP SYSTEM, 6-7
  • VOCATIONAL EDUCATION ACT, 7
  • ZERO-BASED BUDGETING METHOD, 31

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