ISBE-FUNDING STUDY Senate SponsorsSen. Rachel Ventura 2/17/2026SenateAssigned to Appropriations- Education 105 ILCS 5/1A-12 newAmends 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. 2/5/2026SenateFiled with Secretary by Sen. Rachel Ventura 2/5/2026SenateFirst Reading 2/5/2026SenateReferred to Assignments 2/17/2026SenateAssigned to Appropriations- Education 3/13/2026SenateRule 2-10 Committee Deadline Established As April 24, 2026