CHICAGO PUBLIC SCHOOLS DISTRICT 299
Chief Executive Officer
Mr. Pedro Martinez
Address
42 W MADISON ST 2ND FLR
CHICAGO IL 60602
(773) 553-2747
District Finances:
This display shows the Real Receipts total for this district and the percentage of the Local Capacity Target that the total represents. Learn More
Real Receipts is a component of the calculation that determines a district’s Local Capacity Target. Real Receipts reflect a simulation of local tax revenue when multiplying Equalized Assessed Valuation (EAV) by the adjusted tax rate.
The Local Capacity Target (LCT) is a component of a district’s calculated Resources. LCT represents an estimation of what a district’s local expected contribution to the cost of education should be. This is calculated through various steps that consider the district’s local property wealth or Equalized Assessed Valuation (EAV) and simulated tax revenue or Real Receipts. For more detailed information on the steps to determine the Local Capacity Target please refer to the Evidence-Based Funding Distribution Technical Guide.
Comparing Real Receipts to the Local Capacity Target will illustrate a district’s ability to generate local revenue compared to the expected contribution to providing an adequate education per EBF.