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Lake County Gazette

Tuesday, April 16, 2024

How much has Libertyville SD 70 overspent over the past 10 years?

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Libertyville District 70 accumulated $19.74 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, Libertyville SD 70 reported 22.3 percent more revenue. At the same time, total spending went up 50.3 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$29,424,101
$28,233,499
$1,190,602
2009
$30,145,940
$32,382,661
-$2,236,721
2010
$30,656,342
$35,827,754
-$5,171,412
2011
$33,251,634
$31,201,893
$2,049,741
2012
$32,473,496
$34,111,458
-$1,637,962
2013
$32,834,643
$35,841,554
-$3,006,911
2014
$34,076,689
$33,643,642
$433,047
2015
$36,230,273
$39,498,030
-$3,267,757
2016
$34,876,948
$36,500,771
-$1,623,823
2017
$35,975,744
$42,443,848
-$6,468,104
Total
$329,945,810
$349,685,110
-$19,739,300
10-year change (%)
22.3
50.3
N/M
Illinois Local Education Agency Retrieval Network

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