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Tuesday, July 29, 2025

Springfield School District 186 had $228.4 million in outstanding debt as of fiscal year 2024

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Jennifer Gill Superintendent at Springfield School District 186 | Official Website

Jennifer Gill Superintendent at Springfield School District 186 | Official Website

Springfield School District 186 had $228.4 million in long-term school debt as of fiscal year 2024, according to the Illinois State Board of Education.

Based on the school district's enrollment of 12,849 students in the 2023-24 school year, that debt amounts to approximately $1,777,950 per student.

Black students made up the largest share of the student body at 45.1% (5,789), followed by white students at 35.6% as the second-largest group, with 4,576 students.

The school district, located in Sangamon County, ranked fourth among Illinois school districts based on the total outstanding debt in the 2023-24 school year. That represents 73.6% of the district's borrowing capacity, which is determined by its Equalized Assessed Value (EAV), the taxable property value that sets legal debt limits under state law.

The data was obtained by Wirepoints through a Freedom of Information Act request to the Illinois State Board of Education and covers 851 school districts.

School districts across Sangamon County had a combined outstanding debt of $431.9 million as of fiscal year 2024.

The data was obtained by Wirepoints through a Freedom of Information Act request to the Illinois State Board of Education.

Illinois has enacted a law that changes the amount of debt school districts can issue. According to an analysis by Chapman, the new rules permit school districts to borrow more money than previously allowed. At the same time, the law modifies limits on property tax extensions that fund this debt. As a result, if districts take on more debt, local property taxes could increase to cover the additional costs.

The Illinois State Board of Education’s budget for fiscal year 2026 will increase from nearly $10.8 billion to about $11.2 billion. This includes a $307 million boost for K–12 schools, marking the smallest annual increase since 2020.

The agency has paused about $50 million in funding previously allocated through the Evidence-Based Funding formula for the Property Tax Relief Grant while reviewing its impact on local tax relief. Officials say the pause could affect the timing and amount of property tax relief available to taxpayers.

The annual reporting aims to increase transparency and accountability around school debt. Future reports will include 15 years of historical data, allowing residents to track long-term financial trends.

Top 100 Illinois School Districts With Highest Outstanding Debt in FY 2024
RankSchool DistrictCountyOutstanding DebtDebt Limit Used (%)Total Enrollment
1Chicago Public School District 299Cook$9,444,187,54968.7%321,668
2Valley View Community Unit School District 365UWill$265,500,26459.3%14,660
3Oswego Community Unit School District 308Kendall$251,518,34366.1%16,696
4Springfield School District 186Sangamon$228,448,51173.6%12,849
5Community Unit School District 300Kane$222,362,04832.2%20,161
6Champaign Community Unit School District 4Champaign$212,701,15151.1%10,250
7School District U-46Kane$204,735,00022.4%33,948
8Lincoln Way Community High School District 210Will$199,574,93157%6,658
9Elmhurst School District 205DuPage$197,370,79541.7%8,285
10Edwardsville Community Unit School District 7Madison$187,131,57268.2%7,187
11Rockford School District 205Winnebago$154,642,38236.7%27,268
12Maine Township High School District 207Cook$151,240,00034%6,138
13Cahokia Community Unit School District 187St. Clair$151,005,0001,201.9%3,021
14Palatine Community Consolidated School District 15Cook$149,938,67848.8%11,109
15Hinsdale Township High School District 86DuPage$135,072,07329.9%3,774
16New Trier Township High School District 203Cook$134,870,36828.7%3,700
17Downers Grove Grade School District 58DuPage$132,978,39756.2%4,770
18Crete-Monee Community Unit School District 201-UWill$129,334,456112.6%4,407
19Lake Forest Community High School District 115Lake$128,351,47958.5%1,366
20Aurora East Unit School District 131Kane$124,639,48881.9%12,080
21Decatur School District 61Macon$118,975,000102.7%7,757
22New Lenox School District 122Will$116,993,94294.6%4,971
23Barrington Community Unit School District 220Lake$115,755,21125.6%7,971
24Peoria School District 150Peoria$114,355,34255.5%12,661
25Community High School District 99DuPage$112,198,90928.9%4,630
26DeKalb Community Unit School District 428DeKalb$110,355,00067%6,538
27Plainfield School District 202Will$110,028,56217.2%24,554
28Glenview Community Consolidated School District 34Cook$109,731,95452.3%4,281
29Township High School District 113Lake$109,696,99734%3,060
30Joliet Public School District 86Will$108,885,000117%9,415
31Evanston Community Consolidated School District 65Cook$105,414,49936.2%6,193
32Huntley Community School District 158McHenry$104,480,74941.2%8,481
33Manhattan School District 114Will$95,649,117321.3%1,904
34North Shore School District 112Lake$95,564,67451.8%3,739
35Quincy School District 172Adams$91,938,63857.9%6,211
36Woodland Community Consolidated School District 50Lake$90,469,82669.1%4,511
37Berkeley School District 87Cook$87,446,797176.9%2,051
38Wheeling Community Consolidated School District 21Cook$86,576,04051.5%6,156
39Arlington Heights School District 25Cook$86,538,31452.3%5,266
40Geneva Community Unit School District 304Kane$85,790,00035.6%4,996
41Aurora West Unit School District 129Kane$81,462,697.0628.6%10,734
42Leyden Community High School District 212Cook$79,255,00031.9%3,522
43Elmwood Park Community Unit School District 401Cook$77,413,34487%2,830
44Hawthorn Community Consolidated School District 73Lake$76,938,81969.7%3,466
45Galesburg Community Unit School District 205Knox$75,690,000101.8%3,861
46Sycamore Community Unit School District 427DeKalb$75,440,93971.8%3,597
47Warren Township High School District 121Lake$73,589,79742.6%3,523
48Joliet Township High School District 204Will$70,352,85324%6,688
49Lake Zurich Community Unit School District 95Lake$69,650,00026.1%5,628
50Glenbard Township High School District 87DuPage$66,285,89713.5%7,606
51J. Sterling Morton High School District 201Cook$66,260,07236.8%7,870
52Woodstock Community Unit School District 200McHenry$65,689,60440.1%6,139
53Aptakisic-Tripp Community Consolidated School District 102Lake$63,309,88685.6%2,538
54Indian Prairie School District 204DuPage$61,350,6556.5%25,781
55Proviso Township High School District 209Cook$61,292,02925.5%4,125
56Reavis Township High School District 220Cook$59,190,00058.5%1,893
57Hinsdale Community Consolidated School District 181DuPage$58,065,06527.4%3,531
58Mascoutah Community Unit School District 19St. Clair$57,351,07997.8%4,177
59McLean County Unit School District 5McLean$57,136,13814.3%12,357
60Belvidere Consolidated Unit School District 100Boone$55,754,90535.3%7,407
61Winnetka School District 36Cook$54,417,46845.6%1,710
62Kaneland Community Unit School District 302Kane$54,314,06036.1%3,881
63Burbank School District 111Cook$54,235,00071.6%3,161
64Highland Community Unit School District 5Madison$51,667,48470.5%2,761
65Williamsville Community Unit School District 15Sangamon$51,243,032139.4%1,441
66Villa Park School District 45DuPage$50,840,00054.9%3,139
67Mundelein Consolidated High School District 120Lake$50,513,36742.2%2,241
68Belleville Township High School District 201St. Clair$50,292,86336.5%4,676
69Bremen Community High School District 228Cook$50,000,00039%4,854
70Rochester Community Unit School District 3ASangamon$49,550,000111.5%2,031
71Jacksonville School District 117Morgan$48,709,22372.1%3,094
72LaSalle-Peru Township High School District 120LaSalle$48,496,607102.7%1,167
73Chicago Heights School District 170Cook$48,300,000216.8%2,603
74Alton Community Unit School District 11Madison$47,555,24037.3%5,580
75Cicero School District 99Cook$46,889,35862.5%8,555
76Schiller Park School District 81Cook$46,297,353134.7%1,350
77East Maine School District 63Cook$45,849,51045.3%3,623
78Hall High School District 502Bureau$45,124,588389.4%407
79DuPage High School District 88DuPage$44,795,00017.4%3,715
80Yorkville Community Unit School District 115Kendall$44,670,00025.2%7,032
81Freeport School District 145Stephenson$44,619,92083.8%3,512
82Rock Island School District 41Rock Island$43,947,60845.2%6,124
83Minooka Community Consolidated School District 201Grundy$43,839,48047.3%4,418
84Johnsburg Community Unit School District 12McHenry$43,221,46462.5%1,668
85Bloomington School District 87McLean$42,930,00031%4,610
86Community Unit School District 200DuPage$41,334,3347.7%11,488
87East Prairie School District 73Cook$40,230,000200.7%524
88Oak Park Elementary School District 97Cook$40,170,05224.6%5,540
89Matteson Elementary School District 162Cook$39,486,806111.9%2,335
90Adlai E. Stevenson High School District 125Lake$39,156,68014.3%4,573
91Maroa Forsyth Community Unit School District 2Macon$38,837,000107.9%1,166
92Skokie School District 69Cook$38,560,01198.8%1,819
93Bensenville School District 2DuPage$38,531,00067.2%2,022
94Fenton Community High School District 100DuPage$38,310,00036%1,371
95Northbrook/Glenview School District 30Cook$37,952,44251%1,239
96Argo Community High School District 217Cook$37,210,00051.7%1,771
97East Richland Community Unit School District 1Richland$37,110,00085.6%2,166
98McHenry Community High School District 156McHenry$37,070,25834.9%2,177
99Plano Community Unit School District 88Kendall$36,954,54576.5%2,419
100Northfield Township High School District 225Cook$36,580,0007.1%5,030

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