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South Cook News

Tuesday, November 5, 2024

How much has Hazel Crest SD 152-5 overspent over the past 10 years?

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Hazel Crest School District 152.5 accumulated $9.74 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, Hazel Crest SD 152-5 reported 36.2 percent more revenue. At the same time, total spending went up 42.6 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$13,312,925
$12,065,534
$1,247,391
2009
$13,967,350
$12,322,050
$1,645,300
2010
$14,529,657
$13,395,505
$1,134,152
2011
$14,519,998
$13,511,117
$1,008,881
2012
$14,829,871
$13,802,373
$1,027,498
2013
$14,435,831
$14,833,103
-$397,272
2014
$28,178,846
$39,792,999
-$11,614,153
2015
$28,714,439
$29,303,667
-$589,228
2016
$14,667,964
$18,795,994
-$4,128,030
2017
$18,131,122
$17,205,158
$925,964
Total
$175,288,003
$185,027,500
-$9,739,497
10-year change (%)
36.2
42.6
N/M
Illinois Local Education Agency Retrieval Network

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