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South Cook News

Tuesday, April 23, 2024

How much has Willow Springs SD 108 overspent over the past 10 years?

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Willow Springs School District 108 accumulated $1.93 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, Willow Springs SD 108 reported 27.9 percent more revenue. At the same time, total spending went up 48.7 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$4,910,992
$4,240,664
$670,328
2009
$4,957,190
$4,422,368
$534,822
2010
$5,186,401
$4,720,395
$466,006
2011
$5,185,889
$4,607,752
$578,137
2012
$5,182,820
$4,850,986
$331,834
2013
$5,336,965
$5,245,732
$91,233
2014
$5,434,744
$9,606,382
-$4,171,638
2015
$5,814,918
$6,143,467
-$328,549
2016
$6,233,273
$6,307,525
-$74,252
2017
$6,281,117
$6,306,172
-$25,055
Total
$54,524,309
$56,451,443
-$1,927,134
10-year change (%)
27.9
48.7
N/M
Illinois Local Education Agency Retrieval Network

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