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Anne Noble - Public School Funding
Anne Noble explains the Illinois County School Facilities Sales Tax (ICSFST), which became law in Illinois in 2007. Currently, fifty-six of the 101 eligible counties have approved this sales tax. Cook County is exempted. She discusses a variety of related topics including: how the public school districts can use these funds, what can be taxed, the ballot question, the amounts that can be levied (¼ increments up to 1%), the basis for school district allotments (students living in the county), and the role of the Department of Revenue-Regional Offices of Education. Anne also talks about other financing methods used by school district-bond sales.