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Peoria Standard

Friday, November 22, 2024

How much has Oak Grove SD 68 overspent over the past 10 years?

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Oak Grove School District 68 accumulated $5.13 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, Oak Grove SD 68 reported 1.1 percent more revenue. At the same time, total spending went up 103.7 percent. The resulting deficit grew by 8,514.6 percent from 2008 to 2017.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$3,565,408
$3,608,893
-$43,485
2009
$3,658,764
$3,755,760
-$96,996
2010
$3,677,337
$3,834,091
-$156,754
2011
$3,767,197
$3,504,760
$262,437
2012
$3,616,223
$4,610,306
-$994,083
2013
$3,556,326
$3,851,733
-$295,407
2014
$3,579,960
$3,333,026
$246,934
2015
$3,311,523
$3,385,831
-$74,308
2016
$3,498,737
$3,726,255
-$227,518
2017
$3,606,513
$7,352,576
-$3,746,063
Total
$35,837,988
$40,963,231
-$5,125,243
10-year change (%)
1.1
103.7
8,514.6
Illinois Local Education Agency Retrieval Network

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