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Grundy Reporter

Friday, April 19, 2024

How much has Gardner S Wilmington Twp HSD 73 overspent over the past 10 years?

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Gardner S Wilmington Township High School District 73 accumulated $2.60 million in debt between fiscal years 2008 and 2017, according to a Grundy 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, Gardner S Wilmington Twp HSD 73 reported 5.3 percent more revenue. At the same time, total spending went up 25.3 percent.

School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$3,037,079
$2,893,401
$143,678
2009
$3,259,169
$3,811,700
-$552,531
2010
$3,388,823
$3,079,132
$309,691
2011
$3,551,512
$2,961,351
$590,161
2012
$3,001,324
$2,960,822
$40,502
2013
$3,344,711
$4,148,251
-$803,540
2014
$3,481,577
$3,648,617
-$167,040
2015
$3,226,148
$4,078,610
-$852,462
2016
$3,337,583
$4,217,572
-$879,989
2017
$3,199,390
$3,624,874
-$425,484
Total
$32,827,316
$35,424,330
-$2,597,014
10-year change (%)
5.3
25.3
N/M
Illinois Local Education Agency Retrieval Network

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