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Peoria Standard

Monday, November 25, 2024

How much has Limestone CHSD 310 overspent over the past 10 years?

Highschool07

Limestone Community High School District 310 accumulated $15.08 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, Limestone CHSD 310 reported 14.1 percent more revenue. At the same time, total spending went up 24.5 percent. The resulting deficit grew by 653.3 percent from 2008 to 2017.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$11,804,176
$11,999,505
-$195,329
2009
$12,037,663
$12,258,968
-$221,305
2010
$11,787,104
$14,980,967
-$3,193,863
2011
$12,832,504
$14,374,287
-$1,541,783
2012
$12,982,149
$14,543,279
-$1,561,130
2013
$12,561,737
$13,948,667
-$1,386,930
2014
$13,177,093
$14,434,479
-$1,257,386
2015
$13,122,776
$14,943,028
-$1,820,252
2016
$13,429,117
$15,863,032
-$2,433,915
2017
$13,468,066
$14,939,446
-$1,471,380
Total
$127,202,385
$142,285,658
-$15,083,273
10-year change (%)
14.1
24.5
653.3
Illinois Local Education Agency Retrieval Network

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