Tax & Budget Data

2015-2016

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 $27,812,757,670 66%
Non-residential $14,473,860,697 34%
Total Taxable AV $42,286,618,367 100.0%
Estimated Tax Collection Rate 99%

Fund Balance

Undesignated Fund Balance as of August, 31, 2015 $163,671,850
% of Total 2014-2015 Budgeted Expenditures 19.5%

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 $535,142,000
2014 Program $648,340,000 $125,000,000

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 $2,091,145,000
% Debt to Assessed Valuation 5.0%
2014-2015 Debt Service Expenditures (actual) $131,928,339
Per student* $1,281
2015-2016 Debt Service Expenditures (budgeted) $151,500,093
Per student* $1,446
*Enrollment figures by year

Budgeted Revenue Information (As adopted)

General Operating Fund Budgeted
Revenue $836,014,699

Budgeted Expenditures Information
(As adopted) By Object Area

Total Budgeted Expenditures $840,880,281

By Functional Area

Total Budgeted Expenditures $840,880,281