The custody of funds includes receipt, management, investment and disbursement of those funds, thereby consolidating into one agency the responsibilities of the several levels of government.A frequent question to the Reference Desk, and one currently receiving increased national attention due to budget challenges, is whether consolidating school districts might result in lower overall costs for education.The other contributing factor is that Illinois has nearly 7,000 local governmental entities with the power to levy property taxes, more than any other state.More information about the federal flexibility initiative, including a list of specific policy changes, is available on the federal flexibility initiative web page.For additional research from peer-reviewed journals and for research on other topics, contact the Ask A REL Reference Desk.Consolidation of Schools and Districts: What the Research Says and What it Means Howley, C., Johnson, J., & Petrie, J. University of Colorado, National Education Policy Center.
This process ensures property taxes are fairly distributed.
The evidence detailed in this brief suggests that “a century of consolidation has already produced most of the efficiencies obtainable” and that poor regions benefit from smaller schools and districts.
The Treasurer sends out tax bills and collects and distributes funds for all Lake County taxing districts, which includes: schools, municipalities, fire protection districts, park districts, library districts, Lake County government, the Forest Preserve District, and other independent governmental entities.
Another part of the federal flexibility initiative involves encouraging local educational agencies (LEAs) to consolidate the administrative portion of eligible federal grant funds awarded under the No Child Left Behind Act of 2001 (NCLB).
A series of web pages provides detailed guidance about consolidating administrative funds.