Quantcast

Illinois Valley Times

Sunday, February 23, 2025

How much has Hall HSD 502 overspent over the past 10 years?

Highschool07

Hall Township High School District 502 accumulated $36.89 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, Hall HSD 502 reported 33.1 percent more revenue. At the same time, total spending went up 29 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$5,705,796
$5,678,913
$26,883
2009
$5,830,231
$8,349,216
-$2,518,985
2010
$5,917,728
$6,283,557
-$365,829
2011
$6,201,174
$5,432,311
$768,863
2012
$5,658,747
$5,869,734
-$210,987
2013
$5,897,443
$6,138,438
-$240,995
2014
$5,488,647
$11,720,183
-$6,231,536
2015
$6,722,008
$27,840,652
-$21,118,644
2016
$6,942,121
$14,211,275
-$7,269,154
2017
$7,595,406
$7,325,998
$269,408
Total
$61,959,301
$98,850,277
-$36,890,976
10-year change (%)
33.1
29
N/M
Illinois Local Education Agency Retrieval Network

MORE NEWS