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Tuesday, September 9, 2025

Union County districts used up to 20.3% of borrowing capacity in fiscal year 2024

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Kevin Westall, Superintendent at County of Union School District 43 | https://www.jonesboro43.com/

Kevin Westall, Superintendent at County of Union School District 43 | https://www.jonesboro43.com/

School districts across Union County held a combined $7 million in long-term outstanding debt as of fiscal year 2024, amounting to 20.3% of the area’s total allowable borrowing capacity, according to the Illinois State Board of Education.

Under Illinois law, districts may only borrow up to a certain limit based on their Equalized Assessed Value (EAV)—a standardized measure of taxable property used to determine legal debt caps.

Based on the school district's enrollment of 1,934 students, the countywide debt translates to approximately $3,645 per student as of fiscal year 2024.

The county includes six school districts, of which Anna Jonesboro Community High School District 81 held the most debt, totaling $3.4 million.

Anna Jonesboro Community High School District 81 ranked 510th statewide among all 851 Illinois districts reporting outstanding debt.

Among the school districts in Union County, County of Union School District 43 used the highest percentage of its EAV-based debt limit at 3.8%, holding $1.4 million in outstanding debt with 311 students enrolled—approximately $4,401 per student. Dongola Unit School District 66 ranked second, using 2.1% of its borrowing capacity with $507,800 in long-term debt and an enrollment of 191— $2,659 per student.

Countywide, students identifying as white comprised the largest ethnic group in Union County schools, accounting for 106.3% of the total enrollment. The second-largest ethnic group was Hispanic, comprising 10% of the student body.

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.

Average School Debt per School District in Union County, FY 2023 vs. 2024

0600,0001.2M1.8M2.4M3.0MLick Creek Community Consolidated SD 16Dongola Unit SD 66Shawnee Community Unit SD 84Anna Community Consolidated SD 37County of Union SD 43Anna Jonesboro Community High SD 81Debt FY 2023 ($)Debt FY 2024 ($)

Outstanding School Debt by School District in Union County, FY 2024

County RankState RankSchool DistrictOutstanding DebtPercentage of Debt Limit UsedPercentage of EAV UsedEnrollment
1510Anna Jonesboro Community High School District 81$3,370,60029.1%2%457
2618County of Union School District 43$1,368,80055.1%3.8%311
3632Anna Community Consolidated School District 37$1,127,50015.7%1.1%569
4683Shawnee Community Unit School District 84$535,2006.5%0.9%278
5684Dongola Unit School District 66$507,80015%2.1%191
6741Lick Creek Community Consolidated School District 16$139,7008%0.5%128

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