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Quincy Reporter

Tuesday, November 5, 2024

How much has Payson CUSD 1 overspent over the past 10 years?

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Payson Community Unit School District 1 accumulated $3.33 million in debt between fiscal years 2008 and 2017, according to a Quincy Reporter 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, Payson CUSD 1 reported 8.2 percent more revenue. At the same time, total spending went up 6.9 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$4,840,132
$4,812,716
$27,416
2009
$4,808,721
$4,804,328
$4,393
2010
$4,838,318
$5,125,125
-$286,807
2011
$5,289,043
$5,355,136
-$66,093
2012
$4,738,497
$5,100,579
-$362,082
2013
$4,678,772
$6,105,989
-$1,427,217
2014
$4,609,226
$4,702,522
-$93,296
2015
$4,610,613
$5,961,174
-$1,350,561
2016
$4,756,833
$4,625,813
$131,020
2017
$5,237,182
$5,143,696
$93,486
Total
$48,407,337
$51,737,078
-$3,329,741
10-year change (%)
8.2
6.9
N/M
Illinois Local Education Agency Retrieval Network

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