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Saturday, April 20, 2024

How much has Palos Heights SD 128 overspent over the past 10 years?

Highschool151

Palos Heights School District 128 accumulated $591,643 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, Palos Heights SD 128 reported 17.6 percent more revenue. At the same time, total spending went up 20.6 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$8,756,440
$8,451,454
$304,986
2009
$9,065,872
$8,798,326
$267,546
2010
$9,843,176
$9,030,034
$813,142
2011
$9,673,420
$14,061,788
-$4,388,368
2012
$9,818,388
$9,409,102
$409,286
2013
$9,922,364
$9,686,867
$235,497
2014
$10,188,065
$9,600,400
$587,665
2015
$9,948,510
$9,708,343
$240,167
2016
$10,499,420
$9,669,270
$830,150
2017
$10,299,976
$10,191,690
$108,286
Total
$98,015,631
$98,607,274
-$591,643
10-year change (%)
17.6
20.6
N/M
Illinois Local Education Agency Retrieval Network

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