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Saturday, April 20, 2024

How much has Pinckneyville SD 50 overspent over the past 10 years?

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Pinckneyville School District 50 accumulated $2.50 million in debt between fiscal years 2008 and 2017, according to a SW Illinois News 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, Pinckneyville SD 50 reported 2.6 percent more revenue. At the same time, total spending went up 9.6 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$4,566,465
$4,392,607
$173,858
2009
$4,630,845
$4,713,888
-$83,043
2010
$4,723,352
$5,101,567
-$378,215
2011
$5,012,080
$4,822,635
$189,445
2012
$4,522,864
$4,794,188
-$271,324
2013
$4,508,590
$4,828,720
-$320,130
2014
$4,400,902
$4,975,251
-$574,349
2015
$4,269,093
$4,966,682
-$697,589
2016
$4,445,295
$4,860,747
-$415,452
2017
$4,684,147
$4,812,284
-$128,137
Total
$45,763,633
$48,268,569
-$2,504,936
10-year change (%)
2.6
9.6
N/M
Illinois Local Education Agency Retrieval Network

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