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Lake County Gazette

Friday, April 26, 2024

How much has Lake Bluff ESD 65 overspent over the past 10 years?

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Lake Bluff Elementary School District 65 accumulated $25.16 million in debt between fiscal years 2008 and 2017, according to a Lake County Gazette 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, Lake Bluff ESD 65 reported 14.8 percent more revenue. At the same time, total spending went up 50.2 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$16,395,809
$16,060,069
$335,740
2009
$17,714,879
$32,718,962
-$15,004,083
2010
$17,847,095
$22,235,524
-$4,388,429
2011
$18,849,959
$17,452,628
$1,397,331
2012
$17,449,941
$16,124,300
$1,325,641
2013
$17,752,122
$15,794,813
$1,957,309
2014
$14,842,441
$16,571,141
-$1,728,700
2015
$16,941,464
$16,740,008
$201,456
2016
$17,222,525
$21,170,273
-$3,947,748
2017
$18,819,146
$24,127,348
-$5,308,202
Total
$173,835,381
$198,995,066
-$25,159,685
10-year change (%)
14.8
50.2
N/M
Illinois Local Education Agency Retrieval Network

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