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Friday, November 22, 2019

How much has Prospect Heights SD 23 overspent over the past 10 years?

Schools

By Local Labs News Service | Jul 28, 2018

Highschool07

Prospect Heights School District 23 accumulated $18.60 million in debt between fiscal years 2008 and 2017, according to a North Cook News 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, Prospect Heights SD 23 reported 15.4 percent more revenue. At the same time, total spending went up 8.6 percent. The resulting deficit grew by 75.4 percent from 2008 to 2017.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$19,106,409
$20,649,940
-$1,543,530
2009
$18,677,656
$23,476,006
-$4,798,350
2010
$21,043,555
$21,460,852
-$417,297
2011
$19,972,190
$19,808,972
$163,218
2012
$20,485,789
$19,821,277
$664,512
2013
$20,956,890
$22,317,050
-$1,360,160
2014
$22,243,028
$26,174,897
-$3,931,869
2015
$21,735,560
$26,262,256
-$4,526,696
2016
$21,866,496
$24,340,689
-$2,474,193
2017
$22,048,972
$22,428,048
-$379,076
Total
$208,136,545
$226,739,987
-$18,603,441
10-year change (%)
15.4
8.6
-75.4
Illinois Local Education Agency Retrieval Network

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Organizations in this Story

Prospect Heights School District 23

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