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McLean County Times

Sunday, April 28, 2024

How much has Prairie Central CUSD 8 overspent over the past 10 years?

Highschoolclassroom1401

Prairie Central Community Unit School District 8 accumulated $4.93 million in debt between fiscal years 2008 and 2017, according to a McLean County Times 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, Prairie Central CUSD 8 reported 7.2 percent more revenue. At the same time, total spending went up 7.9 percent. The resulting deficit grew by 32 percent from 2008 to 2017.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$20,204,818
$20,835,963
-$631,145
2009
$21,733,288
$21,538,665
$194,623
2010
$21,166,157
$21,531,138
-$364,981
2011
$21,782,861
$21,250,965
$531,896
2012
$20,889,018
$21,373,280
-$484,262
2013
$21,240,965
$21,596,753
-$355,788
2014
$21,798,163
$22,189,992
-$391,829
2015
$21,967,511
$23,292,918
-$1,325,407
2016
$22,383,955
$23,657,669
-$1,273,714
2017
$21,650,792
$22,484,219
-$833,427
Total
$214,817,528
$219,751,562
-$4,934,034
10-year change (%)
7.2
7.9
32
Illinois Local Education Agency Retrieval Network

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