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King College Prep costs $10.5 million to run annually, though Illinois ranks 49th in state funding for schools. The document outlines three main formulas for school funding - Foundation, Alternative, and Flat Grant - which determine funding levels based on factors like average daily attendance and local property taxes. With poor funding, schools face issues like teacher shortages, overcrowded classrooms, lack of supplies, and impacts on students. Additional fundraisers are suggested to help raise extra money, such as sled-a-thons, basketball tournaments, and job fairs.Read less