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Galesburg Reporter

Thursday, November 21, 2024

How much has Galesburg CUSD 205 overspent over the past 10 years?

Hs 09

Galesburg Community Unit School District 205 accumulated $60.69 million in debt between fiscal years 2008 and 2017, according to a Galesburg Reporter 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, Galesburg CUSD 205 reported 11.1 percent more revenue. At the same time, total spending went up 12.3 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$42,764,197
$41,558,835
$1,205,362
2009
$42,392,754
$43,783,991
-$1,391,237
2010
$42,686,333
$41,580,386
$1,105,947
2011
$45,353,533
$43,257,430
$2,096,103
2012
$44,550,392
$45,178,055
-$627,663
2013
$44,354,445
$59,233,450
-$14,879,005
2014
$45,436,170
$66,800,621
-$21,364,451
2015
$45,293,961
$57,467,832
-$12,173,871
2016
$46,747,346
$62,230,320
-$15,482,974
2017
$47,489,873
$46,666,946
$822,927
Total
$447,069,004
$507,757,866
-$60,688,862
10-year change (%)
11.1
12.3
N/M
Illinois Local Education Agency Retrieval Network

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