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, Georgetown-Ridge Farm CUD 4 reported 2.8 percent more revenue. At the same time, total spending went up 7.9 percent. The resulting deficit grew by 196.7 percent from 2008 to 2017.
School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$10,388,479
$10,670,487
-$282,008
2009
$10,751,331
$10,958,646
-$207,315
2010
$11,034,787
$11,560,707
-$525,920
2011
$11,224,518
$10,809,952
$414,566
2012
$10,838,452
$11,203,546
-$365,094
2013
$10,532,918
$11,511,381
-$978,463
2014
$10,719,346
$10,497,838
$221,508
2015
$9,663,781
$9,956,985
-$293,204
2016
$10,624,839
$10,151,425
$473,414
2017
$10,678,592
$11,515,311
-$836,719
Total
$106,457,043
$108,836,278
-$2,379,235
10-year change (%)
2.8
7.9
196.7
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