Tax & Budget Data

2017-2018

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 $32,898,784,795 65%
Non-residential $17,918,474,040 35%
Total Taxable AV $50,817,258,835 100.0%
Estimated Tax Collection Rate 99%

Fund Balance

Projected Undesignated Fund Balance as of August, 31, 2017 $178,016,080
% of Total 2016-2017 Budgeted Expenditures 19.1%

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 $423,340,000

On May 10, 2014, District taxpayers approved a $648 million bond program to finance the construction of 1 high school, 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 $2,266,750,000
% Debt to Assessed Valuation 5.11%
2016-2017 Debt Service Expenditures (estimated) $153,564,567
Per student* $1,455
2017-2018 Debt Service Expenditures (budgeted) $155,434,054
Per student* $1,458
*Enrollment figures by year

Budgeted Revenue Information (As adopted)

General Operating Fund Budgeted
Revenue $868,514,063

Budgeted Expenditures Information
(As adopted) By Object Area

Total Budgeted Expenditures $912,882,329

By Functional Area

Total Budgeted Expenditures $912,882,329