School districts across Logan County held a combined $26.2 million in long-term outstanding debt as of fiscal year 2024, amounting to 27.6% 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 3,112 students, the countywide debt translates to approximately $8,423 per student as of fiscal year 2024.
The county includes seven school districts, of which Mount Pulaski Community Unit School District 23 held the most debt, totaling $10.1 million.
Mount Pulaski Community Unit School District 23 ranked 306th s