Schools
New Report Lists Illinois School Districts in the Worst Financial Shape
Warning Signs: The Illinois State Board of Education's 2015 report examines the financial health of the state's school districts in 2015.
Hundreds of school districts in Illinois are struggling to cope with shrinking state and federal education funding, and some even are teetering on the brink of financial collapse, according to a new report.
Though districts have implemented significant cost-cutting measures such as reducing staff, eliminating extracurricular programs, and putting off building repairs and upgrades, many are dipping into their reserves and resorting to long-term borrowing in order to provide students with basic resources and to stay out of the red.
But 38 school districts in particular were placed on the Illinois State Board of Education’s “Financial Watch” list, which is the designated category for districts with the worst financial health.
Find out what's happening in Forest Parkfor free with the latest updates from Patch.
We’ve sorted and mapped out the 38 school districts on the Financial Watch list and included the full report so you can see the financial health of your local district.
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