Dr. Kelly Mandrell, Superintendent at Polo Community Unit School District 222 | https://saukfoundation.com/
Dr. Kelly Mandrell, Superintendent at Polo Community Unit School District 222 | https://saukfoundation.com/
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 8,163 students, the countywide debt translates to approximately $7,897 per student as of fiscal year 2024.
The county includes nine school districts, of which Oregon Community Unit School District 220 held the most debt, totaling $16.7 million.
Oregon Community Unit School District 220 ranked 201st statewide among all 851 Illinois districts reporting outstanding debt.
Among the school districts in Ogle County, Polo Community Unit School District 222 used the highest percentage of its EAV-based debt limit at 11.6%, holding $13.6 million in outstanding debt with 516 students enrolled—approximately $26,290 per student. Oregon Community Unit School District 220 ranked second, using 6.5% of its borrowing capacity with $16.7 million in long-term debt and an enrollment of 1,467— $11,410 per student.
Countywide, students identifying as white comprised the largest ethnic group in Ogle County schools, accounting for 74.5% of the total enrollment. The second-largest ethnic group was Hispanic, comprising 20.4% 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.
Outstanding School Debt by School District in Ogle County, FY 2024
| County Rank | State Rank | School District | Outstanding Debt | Percentage of Debt Limit Used | Percentage of EAV Used | Enrollment |
|---|---|---|---|---|---|---|
| 1 | 201 | Oregon Community Unit School District 220 | $16,738,501 | 46.9% | 6.5% | 1,467 |
| 2 | 243 | Polo Community Unit School District 222 | $13,565,400 | 84% | 11.6% | 516 |
| 3 | 286 | Byron Community Unit School District 226 | $11,161,175 | 11.6% | 1.6% | 1,440 |
| 4 | 346 | Meridian Community Unit School District 223 | $7,849,735 | 23.3% | 3.2% | 1,466 |
| 5 | 423 | Rochelle Community Consolidated School District 231 | $5,308,840 | 20% | 1.4% | 1,566 |
| 6 | 435 | Rochelle Township High School District 212 | $4,915,422 | 12.9% | 0.9% | 834 |
| 7 | 457 | Forrestville Valley Community Unit School District 221 | $4,440,395 | 22.1% | 3% | 725 |
| 8 | 696 | Creston Community Consolidated School District 161 | $413,514 | 11.5% | 0.8% | 80 |
| 9 | 755 | Eswood Community Consolidated School District 269 | $72,306 | 2.7% | 0.2% | 69 |
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