Quantcast

Kankakee Times

Friday, November 22, 2024

Which Kankakee County school districts benefit most from state pension subsidies?

Highschool07

St. Anne CHSD 302 in Kankakee receives $578 per student from the state to fund pensions for public school teachers and administrators – the most in Kankakee County, according to a Wirepoints analysis of Teacher Retirement System data.

At the bottom, St. George CCSD 258 in Kankakee receives $322 per student.

Wirepoints examined the system in which school districts pay salaries to teachers and administrators, but not pensions, which are funded by state tax dollars.

"It’s a scheme that allows districts to spend more money on salaries and perks than they otherwise would," Wirepoints reported. "Wealthy districts – like those on the North Shore – benefit far more from the state’s pension payments than poor districts do."

Almost 50 percent of what the state pays toward education has gone to teacher pensions in recent years, according to Wirepoints. Bigger pensions in wealthy districts means there’s less money to adequately fund districts with less property wealth.

St. Anne CHSD 302, which relies on the state for 39 percent of its revenue and spends $15,487 per student, ranks 227 out of 848 districts for how much the state provides per student toward pensions.

St. George CCSD 258 relies on the state for 34 percent of its revenue and spends $7,639 per student. It ranks 834th in the state.

The analysis shows Rondout SD 72 in Lake County received the biggest subsidy in the state and Earlville CUSD 9 in LaSalle County received the smallest subsidy.

--

Kankakee County districts receiving state-provided pension subsidies

DistrictCountyCityAverage daily attendancePercent of district revenue provided by the stateEAV (taxable property) per studentDistrict spending per student  State-provided pension subsidy per student* 
St. Anne CHSD 302KankakeeSt  Anne21739%$249,686$15,487$578
St. Anne CCSD 256KankakeeSt  Anne31543%$131,831$10,109$537
Crescent Iroquois CUSD 249IroquoisCrescent City11119%$168,049$12,431$535
Milford Area PSD 124IroquoisMilford54331%$142,500$12,093$500
Kankakee SD 111KankakeeKankakee4,68051%$64,947$13,013$486
Iroquois County CUSD 9IroquoisWatseka89146%$88,188$10,098$485
Pembroke CCSD 259KankakeeHopkins Park24571%$51,350$13,329$470
Cissna Park CUSD 6IroquoisCissna Park26425%$118,148$9,572$467
Bradley Bourbonnais CHSD 307KankakeeBradley1,86225%$363,843$10,242$460
Central CUSD 4IroquoisAshkum99234%$109,309$10,799$450
Bradley SD 61KankakeeBradley1,41138%$144,130$10,330$448
Iroquois West CUSD 10IroquoisGilman78054%$100,874$11,790$435
Herscher CUSD 2KankakeeHerscher1,58022%$150,653$11,536$434
Manteno CUSD 5KankakeeManteno1,85836%$139,071$10,147$430
Grant Park CUSD 6KankakeeGrant Park46115%$148,899$9,712$427
Bourbonnais SD 53KankakeeBourbonnais2,18628%$183,334$9,291$399
Momence CUSD

1

KankakeeMomence1,05039%$103,225$9,989$394
Donovan CUSD 3IroquoisDonovan30634%$110,171$9,636$394
St. George CCSD 258KankakeeBourbonnais43834%$167,183$7,639$322
Source: Source: Illinois State Board of Education, ILEARN data 2016; Total earnings data received from a 2018 FOIA request to the Teachers' Retirement System; TRS actuarial report 2017; Wirepoints calculations

*Proxy of the pension subsidy provided to each school district. District subsidy is calculated by taking the TRS employer normal cost in 2017 ($871 million) and multiplying it by each district's share of TRS total employee earnings. To calculate the subsidy per student, each district's share is divided by their average daily attendance.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS