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Kankakee Times

Friday, November 29, 2024

How much has Kankakee SD 111 overspent over the past 10 years?

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Kankakee School District 111 accumulated $21.26 million in debt between fiscal years 2008 and 2017, according to a Kankakee Times 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, Kankakee SD 111 reported 5.5 percent more revenue. At the same time, total spending went up 12.7 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$59,985,072
$59,490,631
$494,441
2009
$60,663,775
$62,308,326
-$1,644,551
2010
$63,135,385
$63,737,370
-$601,985
2011
$63,701,213
$62,556,894
$1,144,319
2012
$65,880,906
$64,986,371
$894,535
2013
$62,707,168
$69,575,514
-$6,868,346
2014
$62,336,389
$66,017,996
-$3,681,607
2015
$61,811,797
$68,699,792
-$6,887,995
2016
$66,803,097
$67,155,114
-$352,017
2017
$63,264,028
$67,022,685
-$3,758,657
Total
$630,288,830
$651,550,693
-$21,261,863
10-year change (%)
5.5
12.7
N/M
Illinois Local Education Agency Retrieval Network

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