• Low-income Chicago schools receive most of their funding from state and federal government grants; whereas, wealthier school districts receive the bulk of their funding locally, most of which is from property taxes.
The funding source also causes difficulties for low-income Chicago schools. State and federal grants come with more strings attached than local funding. They dictate to the Chicago schools how the money is used and cause more administrative costs in dealing with the associated red tape. These Chicago schools are vulnerable to the whims of the politicians, who may create or cancel a program to ensure reelection. The financial status of the state and federal budgets affect low-income Chicago schools annually. Lastly, many grants are tied to specific programs and initiatives, taking away a lot of the choices and flexibility that the wealthier schools enjoy.
So, when choosing a school for your children from the Chicago schools system, determine the percentage of low-income children that make up the school’s student body and research the median property values for the area. Ask the school principal what percentage of their funding is from government grants and what comes from local funding. You will be glad you did — and so will your children! Most parents assume that their children are getting an equitable education, regardless of where they attend school or in what district. However, Chicago schools may differ in educational opportunities, depending upon several factors — the most prominent being the percentage of low-income students and the quality of property values within the different districts. With many of the Chicago schools providing education to low-income students, these factors impact the quality of education your children may receive.