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Will County Gazette

Friday, April 19, 2024

How much has Crete Monee CUSD 201U overspent over the past 10 years?

Highschool04

Crete Monee Community Unit School District 201U accumulated $23.98 million in debt between fiscal years 2008 and 2017, according to a Will 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, Crete Monee CUSD 201U reported 33.8 percent more revenue. At the same time, total spending went up 26.7 percent. The resulting deficit grew by 20.8 percent from 2008 to 2017.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$55,982,144
$64,396,479
-$8,414,335
2009
$58,937,671
$66,131,183
-$7,193,512
2010
$61,309,184
$65,837,814
-$4,528,630
2011
$67,472,140
$65,921,443
$1,550,697
2012
$66,236,037
$68,580,499
-$2,344,462
2013
$91,111,722
$71,045,259
$20,066,463
2014
$68,157,570
$73,019,405
-$4,861,835
2015
$71,208,579
$73,409,799
-$2,201,220
2016
$70,653,287
$80,047,153
-$9,393,866
2017
$74,919,922
$81,581,856
-$6,661,934
Total
$685,988,256
$709,970,890
-$23,982,634
10-year change (%)
33.8
26.7
-20.8
Illinois Local Education Agency Retrieval Network

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