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Lake County Gazette

Saturday, April 20, 2024

How much has Gurnee SD 56 overspent over the past 10 years?

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Gurnee School District 56 accumulated $42.88 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, Gurnee SD 56 reported 15.3 percent more revenue. At the same time, total spending went up 14.2 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$25,276,233
$25,394,907
-$118,674
2009
$25,972,317
$26,619,604
-$647,287
2010
$26,671,369
$26,870,959
-$199,590
2011
$27,853,501
$38,284,040
-$10,430,539
2012
$27,469,544
$41,546,102
-$14,076,558
2013
$28,373,475
$41,952,176
-$13,578,701
2014
$28,296,797
$31,115,175
-$2,818,378
2015
$29,333,109
$29,284,442
$48,667
2016
$28,757,258
$29,958,143
-$1,200,885
2017
$29,148,578
$29,008,735
$139,843
Total
$277,152,181
$320,034,283
-$42,882,102
10-year change (%)
15.3
14.2
N/M
Illinois Local Education Agency Retrieval Network

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