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, Galatia CUSD 1 reported 16.9 percent more revenue. At the same time, total spending went up 20.6 percent. The resulting deficit grew by 1,181 percent from 2008 to 2017.
School district debt
Year
Total Revenue (nominal)
Total Spending (nominal)
Deficit / Surplus
2008
$3,614,666
$3,626,284
-$11,618
2009
$3,861,144
$4,108,817
-$247,673
2010
$3,921,690
$3,913,193
$8,497
2011
$4,090,676
$3,689,768
$400,908
2012
$3,926,645
$3,819,842
$106,803
2013
$3,903,284
$4,089,692
-$186,408
2014
$3,917,235
$3,821,947
$95,288
2015
$3,751,269
$4,082,144
-$330,875
2016
$3,985,505
$3,987,488
-$1,983
2017
$4,225,601
$4,374,423
-$148,822
Total
$39,197,715
$39,513,598
-$315,883
10-year change (%)
16.9
20.6
1,181