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, Herscher CUSD 2 reported 9 percent more revenue. At the same time, total spending went up 8.5 percent. The resulting deficit grew by 86.7 percent from 2008 to 2017.
School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$18,691,285
$18,791,660
-$100,375
2009
$19,795,582
$24,162,420
-$4,366,838
2010
$19,889,943
$22,753,712
-$2,863,769
2011
$21,449,357
$22,729,366
-$1,280,009
2012
$19,880,152
$20,324,688
-$444,536
2013
$20,228,078
$20,433,444
-$205,366
2014
$20,167,406
$21,491,340
-$1,323,934
2015
$19,115,755
$20,811,585
-$1,695,830
2016
$19,039,535
$21,634,784
-$2,595,249
2017
$20,380,584
$20,393,899
-$13,315
Total
$198,637,677
$213,526,898
-$14,889,221
10-year change (%)
9
8.5
-86.7
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