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Friday, April 19, 2024

How much has Freeport SD 145 overspent over the past 10 years?

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Freeport School District 145 accumulated $12.71 million in debt between fiscal years 2008 and 2017, according to a NW Illinois 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, Freeport SD 145 reported 15.4 percent more revenue. At the same time, total spending went up 11.2 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$45,063,642
$45,300,078
-$236,436
2009
$45,826,538
$45,508,358
$318,180
2010
$46,356,944
$45,581,663
$775,281
2011
$47,351,370
$51,269,250
-$3,917,880
2012
$48,347,742
$48,812,113
-$464,371
2013
$47,453,761
$49,364,897
-$1,911,136
2014
$47,982,835
$57,384,049
-$9,401,214
2015
$49,343,893
$49,492,176
-$148,283
2016
$51,067,098
$50,440,739
$626,359
2017
$52,004,559
$50,351,431
$1,653,128
Total
$480,798,382
$493,504,754
-$12,706,372
10-year change (%)
15.4
11.2
N/M
Illinois Local Education Agency Retrieval Network

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