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McLean County Times

Saturday, November 16, 2024

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

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Lexington Community Unit School District 7 accumulated $9.52 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, Lexington CUSD 7 reported 28.1 percent more revenue. At the same time, total spending went down 2.6 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$4,951,396
$6,210,059
-$1,258,663
2009
$6,709,478
$6,993,127
-$283,649
2010
$5,856,469
$7,573,080
-$1,716,611
2011
$6,231,293
$7,078,023
-$846,730
2012
$5,767,576
$7,815,206
-$2,047,630
2013
$5,968,889
$7,837,512
-$1,868,623
2014
$5,908,546
$7,770,013
-$1,861,467
2015
$6,168,317
$6,418,295
-$249,978
2016
$6,241,996
$5,917,503
$324,493
2017
$6,341,334
$6,048,192
$293,142
Total
$60,145,294
$69,661,010
-$9,515,716
10-year change (%)
28.1
-2.6
N/M
Illinois Local Education Agency Retrieval Network

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