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Quincy Reporter

Tuesday, November 5, 2024

How much has Liberty CUSD 2 overspent over the past 10 years?

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Liberty Community Unit School District 2 accumulated $719,058 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, Liberty CUSD 2 reported 0.8 percent more revenue. At the same time, total spending went up 10.1 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$5,269,345
$4,943,603
$325,742
2009
$5,238,251
$5,198,546
$39,705
2010
$5,548,894
$5,220,005
$328,889
2011
$6,053,930
$5,763,353
$290,577
2012
$5,364,509
$6,512,635
-$1,148,126
2013
$5,528,494
$6,046,798
-$518,304
2014
$5,429,748
$5,536,308
-$106,560
2015
$5,171,408
$5,213,282
-$41,874
2016
$5,394,485
$5,153,770
$240,715
2017
$5,313,657
$5,443,479
-$129,822
Total
$54,312,721
$55,031,779
-$719,058
10-year change (%)
0.8
10.1
N/M
Illinois Local Education Agency Retrieval Network

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