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Tuesday, November 5, 2024

How much has Homewood SD 153 overspent over the past 10 years?

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Homewood School District 153 accumulated $13.47 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, Homewood SD 153 reported 9.9 percent more revenue. At the same time, total spending went up 20.2 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$22,431,258
$21,950,821
$480,437
2009
$21,949,395
$21,319,437
$629,958
2010
$23,375,072
$23,367,127
$7,945
2011
$23,280,294
$22,943,058
$337,236
2012
$22,740,520
$23,066,009
-$325,489
2013
$22,904,738
$24,710,836
-$1,806,098
2014
$22,178,370
$25,131,646
-$2,953,276
2015
$22,517,027
$25,334,943
-$2,817,916
2016
$23,291,351
$28,578,734
-$5,287,383
2017
$24,647,639
$26,384,539
-$1,736,900
Total
$229,315,664
$242,787,150
-$13,471,486
10-year change (%)
9.9
20.2
N/M
Illinois Local Education Agency Retrieval Network

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