Illinois Lawmaker Proposes Change in School Funding Formula

An Illinois lawmaker has planned a change in school funding arrangements, to which the Chicago Public Schools received $235 million more in state grant money in a single school year than it would have.


State Rep. Sandy Pihos, a Republican from the western Chicago suburb of Glen Ellyn, points out that it's unfair that Chicago automatically gets a percentage of all state education dollars to spend on transportation, special education, and nutrition while Illinois' other 859 districts submit expense claims and are reimbursed based on the number of students they serve.


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Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.






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