Tax & Budget Data

2014-2015

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 $25,756,691,401 68%
Non-residential $12,117,316,446 32%
Total Taxable AV $37,874,007,847 100.0%
Estimated Tax Collection Rate 99%

Fund Balance

Undesignated Fund Balance as of August, 31, 2014 $163,671,850
% of Total 2013-2014 Budgeted Expenditures 20.4%

Unlimited Tax Debt Information

  Authorized Issued
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 $479,850,000
2014 Program $648,340,000 $0

On May 10, 2014, District taxpayers approved a $648 million bond program to finance the construction of 1 high schools, 4 elementary schools and sites for future schools. The program will also finance major improvements to existing facilities, infrastructure, roofing, saftey, major technology initiatives and buses.

Outstanding Unlimited Tax Debt $1,982,870,000
% Debt to Assessed Valuation 5.2%
2013-2014 Debt Service Expenditures (actual) $123,359,087
Per student* $1,216
2014-2015 Debt Service Expenditures (budgeted) $133,003,149
Per student* $1,292
*Enrollment figures by year

Budgeted Revenue Information (As adopted)

General Operating Fund Budgeted
Revenue $801,125,887

Budgeted Expenditures Information
(As adopted) By Object Area

Total Budgeted Expenditures $800,736,088

By Functional Area

Total Budgeted Expenditures $800,736,088