Quantcast

Chambana Sun

Wednesday, April 30, 2025

How much has Heritage CUSD 8 overspent over the past 10 years?

High%2520school036

Heritage Community Unit School District 8 accumulated $6.38 million in debt between fiscal years 2008 and 2017, according to a Chambana Sun 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, Heritage CUSD 8 reported 14 percent more revenue. At the same time, total spending went down 6.9 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$5,331,458
$6,086,705
-$755,247
2009
$5,416,243
$5,387,756
$28,487
2010
$5,383,192
$7,491,959
-$2,108,767
2011
$5,962,815
$9,635,387
-$3,672,572
2012
$5,796,522
$5,732,663
$63,859
2013
$5,857,384
$5,957,877
-$100,493
2014
$6,153,605
$5,786,640
$366,965
2015
$5,796,074
$6,275,406
-$479,332
2016
$6,038,176
$6,171,992
-$133,816
2017
$6,078,566
$5,667,937
$410,629
Total
$57,814,035
$64,194,322
-$6,380,287
10-year change (%)
14
-6.9
N/M
Illinois Local Education Agency Retrieval Network

MORE NEWS