District NL D128-NL-Summer18 | Page 4

District Financial Update As you may have read, the State of Illinois implemented a new funding formula for public education, guaranteeing more state funds for those districts with the greatest need. District 128 is not considered a district with the greatest need and our state funding will not increase, but it will hopefully remain stable. As you can see by the graphs below, the greatest area of spending is directly related to instruction; primary funding largely comes from local resources; and our expenses are on target with the state average. Most of the funding comes from local sources, with State support a very distant second In terms of instructional and operational spending, Palos Heights 128 is right in line with State averages The lion's share of district expenditures is for instruction and support services