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East Central Reporter

Wednesday, April 24, 2024

How much has Mattoon CUSD 2 overspent over the past 10 years?

Highschool089

Mattoon Community Unit School District 2 accumulated $13.71 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, Mattoon CUSD 2 reported 12.9 percent more revenue. At the same time, total spending went up 1.6 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$31,709,982
$34,823,903
-$3,113,921
2009
$32,993,543
$33,973,515
-$979,972
2010
$39,578,843
$34,465,291
$5,113,552
2011
$31,847,836
$31,880,712
-$32,876
2012
$31,442,321
$34,638,402
-$3,196,081
2013
$31,531,612
$33,843,049
-$2,311,437
2014
$34,269,832
$33,134,741
$1,135,091
2015
$31,135,246
$34,540,198
-$3,404,952
2016
$36,197,718
$43,544,628
-$7,346,910
2017
$35,811,339
$35,386,619
$424,720
Total
$336,518,272
$350,231,058
-$13,712,786
10-year change (%)
12.9
1.6
N/M
Illinois Local Education Agency Retrieval Network

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