Understanding School Finance

  • To learn more about school finance, please read the following overview from the Illinois Association of School Boards.  Note that this document does not reflect the State of Illinois' new Evidence Based Funding Formula that replaced General State Aid.  Once a new document is developed with this updated information, we will make it available on our website.

    One question that is frequently asked is how the Illinois State Lottery system funds education.  The Illinois Association of School Boards recently published an article on this which you can read by clicking here.

    Moody's Investor Service is a bond credit rating agency that provides rating and anlaysis of outstanding debt obligations including those of school districts.  Moody's analyzes school districts based on a number of factors that they outline in their reports.  The most recent Moody's reports for Matteson School District #162 are listed below:

    June 2016 Moody's Report 

    September 2017 Moody's Report

    February 2018 Moody's Report