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These 19 Illinois school districts are in the worst financial shape

Kevin HoffmanReboot Illinois

Apr 14, 2017

A statewide analysis of school districts’ finances shows there was an overall improvement in their financial health scores last year, though it has come at a cost.

More than 25 percent of districts issued either short- or long-term debt to cover operational expenses in fiscal year 2016. The total amount of new debt issued by districts was nearly $453 million, an increase of $145.7 million, or 47.4 percent, from the previous year, according to the Illinois State Board of Education’s Annual Financial Profiles report.

While Republican Gov. Bruce Rauner and the Democratic-led Legislature agreed to fully fund schools for the…

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