Commenter Susan has extracted a lot of data about Woodstock School District 200,
Here it is for you analysis:
Woodstock CUSD 200
(According to Edfin.ed.gov)
Spends $1,805 per year per student on administration.
Peer Average is $942.
Spends $14,248 per year per student.
Peer Average is $10,868.
$1,516 Capital Outlay per year per student.
Peer Average is $1,063.
$1,386 Construction per year per student.
Peer Average is $835.
$896 Interest on Debt per year per student.
Peer Average is $410.
D200 Debt is over $150 million when accrued unpaid interest is included.
A 2006 CAB which borrowed $14 million principal.
In 2015 the total accrued interest on the $14 million debt exceeds $14 million, so the total debt TODAY is almost $30 million.
Yet the debt is listed on reports as $14 million. (That is the principal amount. Accrued unpaid interest is allowed to be obscured from public reports).
This debt is accruing interest at nearly $3 million a year now.
There will be a balloon payment due in 2023-2026.
The latest tax extension was $60 million.
When THIS ($14 million) debt comes due it will be $64 million owed ($50 million interest on a 20 year $14 million loan).
That would be DOUBLE the latest tax extension—JUST TO PAY THIS ONE BOND DEBT!!!
The latest tax extension caused a property tax rate of 2.7% of home value (JUST FOR THE SCHOOOL!!! NOT including all other taxes due for other County taxing bodies).
Can ANY HOMEOWNER IN WOODSTOCK AFFORD a TAX RATE OF 6.5% of total home value? (2.7% doubled, plus another 2% for all the other taxing bodies)???
Put another way, can any homeowner in Woodstock afford a 13% tax rate… as a function of 6.5% rate on a home value dropping in half again because of tax-to-value disparity between the prudent budgeting of all the rest of America compared to the irrational spending practices in this District in this County?
In 2005, D200 had $55.7 million principal debt.
The District borrowed over $100 million to build 2 schools.
After 9 years of debt service, we owe about the same amount as 10 years ago.
Bond Refinancing has been extensive, to keep extruding the debt and debt payments, and each time it occurs it incurs about 1.5% fees to lawyers and financial firms.
For the past 9 years, the schools have operated at low capacity ratios.
By the District’s reported numbers, two High Schools are operating at 54% and 58% capacity.
Another school is operating at 23% capacity. (This for at least the past 6 years).
By the capacity ratio of:
“School Construction Law Project Standards, State of Illinois Capital Board”
(“List of Eligible School Construction Program Expenditures For Construction of School Facilities October 2001 Revised October 2010”):
For one example:
A High School listed by D200 with capacity of 1,600 students (and stated enrollment of 929 in 2014) actually has a capacity of ,2223 students.
(600 students per 96,000 sq. feet; remaining 211,000 square feet another 1623 students).
That High School has a stated enrollment of 929.
929 out of Capacity of 2,223 is operating at 42% of Capacity.
EAV in the District (per Bond Official Statements):
- 2005 $878 million
- 2013 $758 million
- 2014 forward…lower EAV
Spending rose and rose despite 8 years declining EAV number of employees rose
Admin spending rose at anomalous rates.
Total employees 2013 over 1,000.
2005 vs. 2014 Total expenses/cost per pupil/teaching staff/pupil-teacher ratio
2014: $97.8 million/$14,686/ 412/ 16.17
2005: $58 million/ $9496/ 350/ 17.72
2014: 1,120 employees
2005: 797 employees
- 2014: 6,661 per D200; per ISBE INCLUDING PRE-Kindergarten: 6,569 (EXCLUDING Pre-K: 6215)
- 2005/06: 6,395 per D200; per ISBE INCLUDING PRE-Kindergarten: 6,258 (EXCLUDING Pre-K: 5992)
(That’s a lot more teachers and employees per student than average alleged enrollment increase ratios indicate)
There are also disparities between what D200 claims as enrollment and what Illinois State Board of Education claims as enrollment in D200.
Much disparity centers around Pre Kindergarten students.
The tuition (and the cost at Montessori school by comparison) is around $2,200 per school year for this Pre-K enrollment.
But D200 COUNTS about 400 students in their general calculation of cost per pupil per year.
If you take $14,686 (cost represented by District per student per year) minus $2200 (actual cost per Pre-K student at Montessori or the tuition charged by D200)you get 400 (student) multiplied by $12,486 (cost of students beyond Pre-K) and you get about $5 million to amortized over about 6200 students (ISBE enrollment figure) and you find each student is actually costing $800 more per year than the District has stated.
D200 has taxed 2.7% of total home value this year.
Woodstock property tax is 4.6% of total home value this year.