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Lake County Gazette

Sunday, April 20, 2025

How much has Lake Forest CHSD 115 overspent over the past 10 years?

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Lake Forest Community High School District 115 accumulated $54.24 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 Forest CHSD 115 reported 17.3 percent more revenue. At the same time, total spending went down 39.9 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$40,038,507
$76,168,959
-$36,130,452
2009
$41,474,816
$61,155,240
-$19,680,424
2010
$46,896,772
$49,276,159
-$2,379,387
2011
$44,749,074
$44,773,931
-$24,857
2012
$42,795,144
$41,684,495
$1,110,649
2013
$44,201,310
$42,835,832
$1,365,478
2014
$45,520,776
$47,501,081
-$1,980,305
2015
$45,908,026
$44,110,397
$1,797,629
2016
$45,974,996
$45,458,577
$516,419
2017
$46,959,617
$45,797,959
$1,161,658
Total
$444,519,038
$498,762,630
-$54,243,592
10-year change (%)
17.3
-39.9
N/M
Illinois Local Education Agency Retrieval Network

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