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Peoria Standard

Monday, November 25, 2024

How much has Pekin CSD 303 overspent over the past 10 years?

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Pekin Consolidated School District 303 accumulated $8.99 million in debt between fiscal years 2008 and 2017, according to a Peoria Standard analysis of public schools data.

Spending and revenue data obtained for this analysis comes from the Illinois Local Education Agency Retrieval Network (ILEARN), which is part of the Illinois State Board of Education and collects data annually on school district financials.

Over the 10-year span, Pekin CSD 303 reported 2.9 percent more revenue. At the same time, total spending went up 47.5 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$22,253,119
$19,905,144
$2,347,975
2009
$22,156,193
$20,534,591
$1,621,602
2010
$21,662,322
$22,119,245
-$456,923
2011
$23,676,494
$21,313,201
$2,363,293
2012
$21,007,315
$23,033,611
-$2,026,296
2013
$21,577,481
$22,218,468
-$640,987
2014
$22,743,072
$25,318,811
-$2,575,739
2015
$22,084,081
$22,794,803
-$710,722
2016
$22,257,996
$24,726,306
-$2,468,310
2017
$22,906,101
$29,352,910
-$6,446,809
Total
$222,324,174
$231,317,090
-$8,992,916
10-year change (%)
2.9
47.5
N/M
Illinois Local Education Agency Retrieval Network

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