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Friday, May 17, 2024

How much has Rock Island SD 41 overspent over the past 10 years?

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Rock Island Milan School District 41 accumulated $39.63 million in debt between fiscal years 2008 and 2017, according to a Rock Island Today 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, Rock Island SD 41 reported 16.7 percent more revenue. At the same time, total spending went up 18.5 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$66,773,964
$64,661,923
$2,112,041
2009
$67,578,617
$98,897,037
-$31,318,420
2010
$66,329,334
$83,096,679
-$16,767,345
2011
$70,518,099
$68,336,882
$2,181,217
2012
$71,636,837
$69,115,982
$2,520,855
2013
$69,272,622
$69,321,715
-$49,093
2014
$71,335,521
$71,512,818
-$177,297
2015
$74,112,046
$73,585,990
$526,056
2016
$74,843,915
$74,799,905
$44,010
2017
$77,937,289
$76,642,789
$1,294,500
Total
$710,338,244
$749,971,720
-$39,633,476
10-year change (%)
16.7
18.5
N/M
Illinois Local Education Agency Retrieval Network

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