Lincoln Elementary School District 27 had $7.9 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 1,063 students in the 2023-24 school year, that debt amounts to approximately $746,943 per student.
White students made up the largest share of the student body at 78.8% (838), followed by multiracial students at 12.3% as the second-largest group, with 131 students.
The school district, located in Logan County, ranked 344th among Illinois school districts based on the total outstanding debt in the 2023-24 school year. That represents 77.7% of the district's borrowing capacity, which is determined by its Equalized Assessed Value (EAV), the taxable property value that sets legal debt limi