East Moline School District 37 accumulated $23.43 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, East Moline SD 37 reported 26 percent more revenue. At the same time, total spending went up 59 percent.
School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$25,544,061
$24,967,180
$576,881
2009
$25,672,507
$25,972,311
-$299,804
2010
$25,653,675
$27,114,452
-$1,460,777
2011
$28,200,646
$28,067,827
$132,819
2012
$28,205,781
$28,276,154
-$70,373
2013
$27,583,104
$29,069,920
-$1,486,816
2014
$28,150,370
$35,016,530
-$6,866,160
2015
$27,618,967
$30,976,834
-$3,357,867
2016
$29,619,457
$32,697,448
-$3,077,991
2017
$32,185,889
$39,704,664
-$7,518,775
Total
$278,434,457
$301,863,320
-$23,428,863
10-year change (%)
26
59
N/M
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