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, Oak Lawn-Hometown SD 123 reported 34.7 percent more revenue. At the same time, total spending went up 35 percent. The resulting deficit grew by 43.8 percent from 2008 to 2017.
School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$33,895,725
$35,097,504
-$1,201,779
2009
$36,040,719
$37,622,370
-$1,581,651
2010
$38,440,213
$40,225,876
-$1,785,663
2011
$37,734,523
$38,937,701
-$1,203,178
2012
$37,750,126
$40,652,493
-$2,902,367
2013
$39,541,057
$40,847,554
-$1,306,497
2014
$41,874,924
$40,930,957
$943,967
2015
$41,386,498
$41,412,580
-$26,082
2016
$44,602,895
$43,113,285
$1,489,610
2017
$45,644,353
$47,372,824
-$1,728,471
Total
$396,911,033
$406,213,144
-$9,302,111
10-year change (%)
34.7
35
43.8
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