Greenview CUSD 200 holds no long-term debt

By Local Labs News Service

Jul 13, 2017

Greenview Community Unit School District 200 is one of the few school districts in Illinois with no long-term debt, according to Illinois State Board of Education 2016 financial reports obtained by the Sangamon Sun. The reports are as of 2016.

State law allows Greenview CUSD 200 to borrow a total of $5,328,488.

The state limits how much school districts can borrow, capping their debt at a percentage of the district's property wealth, as determined by county and township assessors.

Community unit school districts are able to borrow up to 13.8 percent of their total property value, or Equalized Assessed Value (EAV). Elementary school districts are able to borrow up to 6.9 percent of their EAV.

However, school districts exceeding these debt caps are not punished or sanctioned, as the state has no enforcement mechanism in place.

In 2015, Greenview 200, an unit school district, had an EAV of $38,612,231, according to ISBE.

The following table ranks debt held by Sangamon County school districts.

School district

Maximum debt allowed

Current debt

Percentage used

Rochester CUSD 3A

$35,610,252

$39,680,000

111.4%

Virginia CUSD 64

$4,868,067

$4,540,000

93.3%

Auburn CUSD 10

$15,937,650

$10,300,218

64.6%

Porta CUSD 202

$21,418,567

$12,789,955

59.7%

New Berlin CUSD 16

$24,184,956

$13,454,998

55.6%

Tri City CUSD 1

$10,828,003

$5,300,000

48.9%

A-C Central CUSD 262

$6,823,379

$2,463,582

36.1%

Riverton CUSD 14

$16,138,351

$5,752,809

35.6%

North Mac CUSD 34

$16,512,981

$5,312,823

32.2%

Athens CUSD 213

$16,640,488

$4,687,810

28.2%

Springfield SD 186

$267,169,571

$65,155,000

24.4%

Pleasant Plains CUSD 8

$28,000,746

$5,783,257

20.7%

Williamsville CUSD 15

$24,012,999

$3,615,659

15.1%

Pawnee CUSD 11

$10,046,650

$385,108

3.8%

Greenview CUSD 200

$5,328,488

ORGANIZATIONS IN THIS STORY

Sangamon County• Greenview Community Unit School District 200 Board• Illinois State Board Of Education

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