Tax & Budget Data

2013-2014

Adopted Tax Rate (per $100 valuation)
General Operations (M&O) $1.0400 75.6%
Debt Service $0.3355 24.4%
Total Rate $1.3755 100.0%
Taxable Assessed Valuation
Residential $23,944,217,867 67.5%
Non-residential $11,537,711,493 32.5%
Total Taxable AV $35,481,929,360 100.0%
Estimated Tax Collection Rate 99.5%

Fund Balance

Undesignated Fund Balance as of August, 31, 2013 $169,746,112
% of Total 2012-2013 Budgeted Expenditures 23.0%

Unlimited Tax Debt Information

  Authorized Issued
1988 Program $115,000,000 $115,000,000
1995 Program $98,000,000 $98,000,000
1998 Program $224,000,000 $224,000,000
2001 Program $495,000,000 $495,000,000
2004 Program $439,000,000 $439,000,000
2007 Program $692,670,000 $692,670,000
2010 Program $535,142,000 $285,000,000

On May 8, 2010, District taxpayers approved a $535 million bond program to finance the construction of 2 middle schools, 4 elementary schools and sites for future schools. The program will also finance major improvements to existing facilities and major technology initiatives.

Outstanding Unlimited Tax Debt $1,858,055,000
% Debt to Assessed Valuation 5.2%
2012-2013 Debt Service (actual) $112,306,609
Per student* $1,125
2013-2014 Debt Service (budgeted) $123,257,453
Per student* $1,213
*Enrollment figures by year

Budgeted Revenue Information (As adopted)

General Operating Fund Budgeted
Revenue $747,157,870

Budgeted Expenditures Information
(As adopted) By Object Area

Total Budgeted Expenditures $739,464,564

By Functional Area

Total Budgeted Expenditures $739,464,564