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Tuesday, September 9, 2025

Whiteside County school districts ranked by share of debt capacity used in fiscal year 2024

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Tad Everett, Superintendent at Sterling Community Unit District 5 | https://www.sterlingpublicschools.org/

Tad Everett, Superintendent at Sterling Community Unit District 5 | https://www.sterlingpublicschools.org/

School districts across Whiteside County held a combined $53.6 million in long-term outstanding debt as of fiscal year 2024, amounting to 40.6% of the area’s total allowable borrowing capacity, according to the Illinois State Board of Education.

Under Illinois law, districts may only borrow up to a certain limit based on their Equalized Assessed Value (EAV)—a standardized measure of taxable property used to determine legal debt caps.

Based on the school district's enrollment of 6,839 students, the countywide debt translates to approximately $7,835 per student as of fiscal year 2024.

The county includes seven school districts, of which Sterling Community Unit School District 5 held the most debt, totaling $34 million.

Sterling Community Unit School District 5 ranked 104th statewide among all 851 Illinois districts reporting outstanding debt.

Among the school districts in Whiteside County, Sterling Community Unit School District 5 used the highest percentage of its EAV-based debt limit at 7.9%, holding $34 million in outstanding debt with 3,151 students enrolled—approximately $10,784 per student. Morrison Community Unit School District 6 ranked second, using 6.1% of its borrowing capacity with $9.2 million in long-term debt and an enrollment of 959— $9,561 per student.

Countywide, students identifying as white comprised the largest ethnic group in Whiteside County schools, accounting for 85.6% of the total enrollment. The second-largest ethnic group was Hispanic, comprising 25.2% of the student body.

The data was obtained by Wirepoints through a Freedom of Information Act request to the Illinois State Board of Education.

Illinois has enacted a law that changes the amount of debt school districts can issue. According to an analysis by Chapman, the new rules permit school districts to borrow more money than previously allowed. At the same time, the law modifies limits on property tax extensions that fund this debt. As a result, if districts take on more debt, local property taxes could increase to cover the additional costs.

The Illinois State Board of Education’s budget for fiscal year 2026 will increase from nearly $10.8 billion to about $11.2 billion. This includes a $307 million boost for K–12 schools, marking the smallest annual increase since 2020.

The agency has paused about $50 million in funding previously allocated through the Evidence-Based Funding formula for the Property Tax Relief Grant while reviewing its impact on local tax relief. Officials say the pause could affect the timing and amount of property tax relief available to taxpayers.

The annual reporting aims to increase transparency and accountability around school debt. Future reports will include 15 years of historical data, allowing residents to track long-term financial trends.

Average School Debt per School District in Whiteside County, FY 2023 vs. 2024

06.0M12.0M18.0M24.0M30.0MEast Coloma-Nelson Consolidated Elementary SD 20Montmorency Community Consolidated SD 145Rock Falls Elementary SD 13Rock Falls Township High SD 301River Bend Community Unit SD 2Morrison Community Unit SD 6Sterling Community Unit SD 5Debt FY 2023 ($)Debt FY 2024 ($)

Outstanding School Debt by School District in Whiteside County, FY 2024

County RankState RankSchool DistrictOutstanding DebtPercentage of Debt Limit UsedPercentage of EAV UsedEnrollment
1104Sterling Community Unit School District 5$33,980,00057%7.9%3,151
2319Morrison Community Unit School District 6$9,169,00044.1%6.1%959
3469River Bend Community Unit School District 2$4,174,40120%2.8%940
4556Rock Falls Township High School District 301$2,365,00015.3%1.1%522
5569Rock Falls Elementary School District 13$2,121,00037.4%2.6%851
6639Montmorency Community Consolidated School District 145$1,065,00025.4%1.8%207
7660East Coloma-Nelson Consolidated Elementary School District 20$712,00012.8%0.9%209

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