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Lake County Gazette

Tuesday, April 16, 2024

How much has Grayslake CHSD 127 overspent over the past 10 years?

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Grayslake Community High School District 127 accumulated $9.05 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, Grayslake CHSD 127 reported 37.1 percent more revenue. At the same time, total spending went up 57.6 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$45,069,432
$44,373,248
$696,184
2009
$47,530,112
$46,486,970
$1,043,142
2010
$48,319,342
$47,298,094
$1,021,248
2011
$50,702,864
$48,771,373
$1,931,491
2012
$51,690,253
$52,007,726
-$317,473
2013
$51,939,644
$52,718,484
-$778,840
2014
$54,418,585
$58,532,996
-$4,114,411
2015
$57,266,042
$56,902,003
$364,039
2016
$59,941,060
$60,667,671
-$726,611
2017
$61,787,283
$69,956,029
-$8,168,746
Total
$528,664,617
$537,714,594
-$9,049,977
10-year change (%)
37.1
57.6
N/M
Illinois Local Education Agency Retrieval Network

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