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Peoria Standard

Monday, November 25, 2024

How much has Midland CUSD 7 overspent over the past 10 years?

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Midland Community Unit School District 7 accumulated $5.23 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, Midland CUSD 7 reported 3.6 percent more revenue. At the same time, total spending went up 50.9 percent. The resulting deficit grew by 399.2 percent from 2008 to 2017.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$7,483,719
$8,497,642
-$1,013,923
2009
$7,707,095
$8,580,369
-$873,274
2010
$8,301,700
$7,476,733
$824,967
2011
$8,235,246
$7,783,245
$452,001
2012
$7,464,944
$7,734,968
-$270,024
2013
$8,222,940
$7,385,482
$837,458
2014
$7,841,675
$7,189,799
$651,876
2015
$7,387,295
$7,426,948
-$39,653
2016
$7,437,910
$8,180,043
-$742,133
2017
$7,757,110
$12,818,714
-$5,061,604
Total
$77,839,634
$83,073,943
-$5,234,309
10-year change (%)
3.6
50.9
399.2
Illinois Local Education Agency Retrieval Network

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