Sen Cullerton on Changing the School Funding Formula

From the City Club of Chicago: Senate President John Cullerton talks about his plan to look at the school funding formula and what might be done to improve the way in which school funds are derived and distributed.   Critics of the current system say the heavy reliance on local property taxes means agricultural areas of the state, with low density and few commercial districts,  are perpetually underfunded.  Critics also say low-income, urban neighborhoods, like East St Louis, or Chicago’s southside, are also underfunded due to the low property valuations, compared to many other high value residential and commercial properties.