A new report from the Illinois Board of Education finds many schools districts in the state are really struggling financially. The board released it’s annual financial profile of the state’s 862 districts and spokesperson Mary Fergus says the results are daunting. Aout 120 school districts are in the lowest two financial categories. That's an increase of nine from last year. The analysis also showed more than 60 percent of districts have budget deficits. Fergus say reductions in state and local funding have hit districts hard. The board is asking lawmakers for a one billion dollar budget increase this year, but lawmakers have warned that further cuts are possible.