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Sunday, April 20, 2025

How much has Forest Ridge SD 142 overspent over the past 10 years?

Highschool151

Forest Ridge School District 142 accumulated $1.57 million in debt between fiscal years 2008 and 2017, according to a South Cook News 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, Forest Ridge SD 142 reported 5.1 percent more revenue. At the same time, total spending went down 2.1 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$15,576,776
$15,937,044
-$360,268
2009
$16,033,610
$16,564,399
-$530,789
2010
$16,636,421
$16,558,016
$78,405
2011
$17,041,161
$17,048,689
-$7,528
2012
$16,033,261
$17,063,359
-$1,030,098
2013
$16,324,965
$16,872,423
-$547,458
2014
$15,839,846
$15,843,702
-$3,856
2015
$15,467,411
$15,723,748
-$256,337
2016
$15,792,705
$15,467,812
$324,893
2017
$16,370,701
$15,605,246
$765,455
Total
$161,116,857
$162,684,438
-$1,567,581
10-year change (%)
5.1
-2.1
N/M
Illinois Local Education Agency Retrieval Network

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