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Macon Reporter

Wednesday, May 8, 2024

How much has Meridian CUSD 15 overspent over the past 10 years?

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Meridian Community Unit School District 15 accumulated $16.57 million in debt between fiscal years 2008 and 2017, according to a Macon 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, Meridian CUSD 15 reported 41.7 percent more revenue. At the same time, total spending went up 50.6 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$8,250,574
$8,084,019
$166,555
2009
$8,515,088
$8,596,854
-$81,766
2010
$8,780,256
$8,865,606
-$85,350
2011
$9,349,062
$8,701,864
$647,198
2012
$9,001,134
$11,218,561
-$2,217,427
2013
$9,607,506
$17,431,361
-$7,823,855
2014
$12,710,031
$11,978,083
$731,948
2015
$32,769,784
$22,312,580
$10,457,204
2016
$9,228,956
$27,115,705
-$17,886,749
2017
$11,693,219
$12,173,681
-$480,462
Total
$119,905,610
$136,478,314
-$16,572,704
10-year change (%)
41.7
50.6
N/M
Illinois Local Education Agency Retrieval Network

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