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Peoria Standard

Monday, November 25, 2024

How much has Canton Union SD 66 overspent over the past 10 years?

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Canton Union School District 66 accumulated $5.51 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, Canton Union SD 66 reported 4 percent less revenue. At the same time, total spending went up 8.8 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$25,775,988
$23,306,956
$2,469,032
2009
$23,804,945
$24,203,721
-$398,776
2010
$22,851,674
$24,503,005
-$1,651,331
2011
$24,504,549
$24,299,713
$204,836
2012
$22,236,521
$23,978,366
-$1,741,845
2013
$20,699,867
$25,390,857
-$4,690,990
2014
$21,924,409
$24,683,838
-$2,759,429
2015
$28,066,098
$24,370,641
$3,695,457
2016
$24,373,171
$24,402,303
-$29,132
2017
$24,759,084
$25,367,952
-$608,868
Total
$238,996,306
$244,507,352
-$5,511,046
10-year change (%)
-4
8.8
N/M
Illinois Local Education Agency Retrieval Network

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