Since 2006 Illinois has gradually progressed toward making preschool available for all three and four-year-olds. Until Illinois achieves that goal, the state has made some children a priority in its preschool funding -- those children the state and the local school district regard as "at risk for school failure." This brief shows that the current funding system is not designed to meet this interim goal. We apply an equity lens to preschool funding in 753 Illinois school districts outside of Chicago (which by its size and funding process must be analyzed separately). For greater accuracy, we particularly focus on the 482 school districts with at least 30 three- and four-year-olds living in families with low-incomes (below 185 percent of the federal poverty level). (author abstract)