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Peoria Standard

Monday, November 25, 2024

How much has Morton CUSD 709 overspent over the past 10 years?

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Morton Community Unit School District 709 accumulated $2.69 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, Morton CUSD 709 reported 22.8 percent more revenue. At the same time, total spending went up 39.8 percent. The resulting deficit grew by 1,308.5 percent from 2008 to 2017.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$28,144,078
$28,522,191
-$378,113
2009
$29,622,836
$27,149,726
$2,473,110
2010
$29,825,273
$26,682,938
$3,142,335
2011
$29,842,165
$26,707,191
$3,134,974
2012
$30,076,019
$27,314,161
$2,761,858
2013
$30,644,617
$29,370,171
$1,274,446
2014
$31,848,382
$34,219,324
-$2,370,942
2015
$32,199,684
$33,894,368
-$1,694,684
2016
$33,239,892
$38,944,520
-$5,704,628
2017
$34,548,865
$39,874,643
-$5,325,778
Total
$309,991,811
$312,679,233
-$2,687,422
10-year change (%)
22.8
39.8
1,308.5
Illinois Local Education Agency Retrieval Network

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