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Illinois Valley Times

Monday, July 14, 2025

How much has Princeton HSD 500 overspent over the past 10 years?

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Princeton High School District 500 accumulated $7.13 million in debt between fiscal years 2008 and 2017, according to a Illinois Valley 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, Princeton HSD 500 reported 14.1 percent less revenue. At the same time, total spending went up 65.1 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$8,015,131
$6,926,426
$1,088,705
2009
$7,946,456
$7,183,041
$763,415
2010
$7,897,213
$7,977,214
-$80,001
2011
$7,848,847
$8,005,046
-$156,199
2012
$7,524,639
$7,498,643
$25,996
2013
$7,317,932
$7,708,905
-$390,973
2014
$7,333,996
$9,387,964
-$2,053,968
2015
$6,764,896
$7,448,812
-$683,916
2016
$6,592,622
$7,679,703
-$1,087,081
2017
$6,882,299
$11,437,215
-$4,554,916
Total
$74,124,031
$81,252,969
-$7,128,938
10-year change (%)
-14.1
65.1
N/M
Illinois Local Education Agency Retrieval Network

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