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East Central Reporter

Thursday, April 25, 2024

How much has Palestine CUSD 3 overspent over the past 10 years?

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Palestine Community Unit School District 3 accumulated $1.82 million in debt between fiscal years 2008 and 2017, according to a East Central Reporter 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, Palestine CUSD 3 reported 22.3 percent less revenue. At the same time, total spending went down 18.4 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$4,324,813
$3,825,359
$499,454
2009
$4,299,557
$4,340,774
-$41,216
2010
$3,773,040
$4,037,042
-$264,002
2011
$3,798,825
$4,010,018
-$211,193
2012
$3,495,577
$4,138,109
-$642,532
2013
$3,443,748
$3,927,806
-$484,058
2014
$3,444,297
$4,955,263
-$1,510,966
2015
$3,445,794
$3,067,251
$378,543
2016
$3,317,297
$3,099,636
$217,661
2017
$3,361,910
$3,122,095
$239,815
Total
$36,704,858
$38,523,353
-$1,818,494
10-year change (%)
-22.3
-18.4
N/M
Illinois Local Education Agency Retrieval Network

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