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, Elmwood Park CUSD 401 reported 19.8 percent more revenue. At the same time, total spending went up 25.5 percent. The resulting deficit grew by 629.1 percent from 2008 to 2017.
School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$35,195,848
$35,523,731
-$327,883
2009
$37,052,361
$36,591,246
$461,115
2010
$39,813,001
$36,930,654
$2,882,347
2011
$38,978,544
$37,425,986
$1,552,558
2012
$39,564,575
$38,194,852
$1,369,723
2013
$40,402,674
$40,532,316
-$129,642
2014
$41,590,081
$43,200,248
-$1,610,167
2015
$41,359,668
$55,010,550
-$13,650,882
2016
$41,464,143
$46,203,108
-$4,738,965
2017
$42,177,376
$44,568,076
-$2,390,700
Total
$397,598,271
$414,180,767
-$16,582,496
10-year change (%)
19.8
25.5
629.1
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