New Lenox SD 122 placed on financial "recognition" list by state board of education
ISBE rates school districts on their fund balance and expenditure-to-revenue ratios, days of cash on hand, and percentage of remaining short- and long-term borrowing ability.
Of Illinois' 852 school districts, 640, or 75 percent, earned the state's "Financial Recognition" designation, suggesting they are fiscally sound.
The other 25 percent statewide, or 212 districts, received lower marks from ISBE, suggesting they need work:
147 (17 percent) are under "Financial Review"
43 (5 percent) were given an "Early Warning"
22 (3 percent) are under "Financial Watch"
In Will County, 24 of the county's 29 school districts (83 percent) earned the "Financial Recognition" designation.
Three districts - Richland GSD 88A, Troy CCSD 30C and Wilmington CUSD 209U - were placed under "Financial Review"
Two districts - Crete Monee CUSD 201U and Lincoln Way CHSD 210 - were placed under "Financial Watch"
ISBE's "School District Financial Profile" was first issued in 2003.