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Peoria Standard

Monday, November 25, 2024

How much has Central SD 51 overspent over the past 10 years?

Highschool151

Central School District 51 accumulated $9.04 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, Central SD 51 reported 86.5 percent more revenue. At the same time, total spending went up 58 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$5,905,901
$6,469,336
-$563,435
2009
$7,971,071
$16,401,361
-$8,430,290
2010
$8,293,887
$10,461,920
-$2,168,033
2011
$7,623,678
$7,077,002
$546,676
2012
$9,011,267
$8,419,425
$591,842
2013
$9,255,457
$8,947,283
$308,174
2014
$9,495,096
$9,751,558
-$256,462
2015
$9,595,800
$9,804,846
-$209,046
2016
$10,119,533
$9,774,018
$345,515
2017
$11,014,512
$10,222,867
$791,645
Total
$88,286,202
$97,329,616
-$9,043,414
10-year change (%)
86.5
58
N/M
Illinois Local Education Agency Retrieval Network

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