The superintendent of the Rock Island School District says he still faces a deficit even after Illinois passed a funding bill that unlocked cash for schools throughout the state.
Mike Oberhaus says that's because of a change to the way corporate-personal taxes are distributed by the Illinois Department of Revenue.
Oberhaus says the new tax plan will result in a $1.2 million loss for his district, offsetting the $2 million gain the district will see under the new school funding formula.
"The net effect is about an $800,000 dollar gain for the district overall, and the media asks me what I'm going to do with that $800,000, and unfortunately we have budgeted a $1.1 million operating deficit and so basically we're going to 'break even' for the coming year."
The Rock Island School District faces a deficit of about $300,000.
Oberhaus made his remarks during a 22nd annual State of the Schools address to the Rock Island Rotary Club.