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Peoria Standard

Wednesday, May 1, 2024

How much has Havana CUSD 126 overspent over the past 10 years?

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Havana Community Unit School District 126 accumulated $6.30 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, Havana CUSD 126 reported 3.6 percent less revenue. At the same time, total spending went up 5 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$10,826,368
$9,614,341
$1,212,027
2009
$10,233,548
$10,114,851
$118,697
2010
$9,931,363
$10,313,560
-$382,197
2011
$10,459,993
$11,144,685
-$684,692
2012
$10,481,415
$12,396,270
-$1,914,855
2013
$10,612,024
$10,636,994
-$24,970
2014
$10,620,438
$10,887,872
-$267,434
2015
$10,269,591
$10,571,041
-$301,450
2016
$10,088,924
$14,490,543
-$4,401,619
2017
$10,440,176
$10,089,854
$350,322
Total
$103,963,840
$110,260,011
-$6,296,171
10-year change (%)
-3.6
5
N/M
Illinois Local Education Agency Retrieval Network

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