Tax & Budget Data

2016-2017

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 $30,023,192,665 66%
Non-residential $15,634,197,061 34%
Total Taxable AV $45,657,389,729 100.0%
Estimated Tax Collection Rate 99%

Fund Balance

Undesignated Fund Balance as of August, 31, 2016 $171,018,327
% of Total 2015-2016 Budgeted Expenditures 19.4%

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 $535,142,000
2014 Program $648,340,000 $275,000,000

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 $2,158,560,000
% Debt to Assessed Valuation 4.7%
2015-2016 Debt Service Expenditures (actual) $149,026,238
Per student* $1,426
2016-2017 Debt Service Expenditures (budgeted) $156,584,054
Per student* $1,484
*Enrollment figures by year

Budgeted Revenue Information (As adopted)

General Operating Fund Budgeted
Revenue $839,887,376

Budgeted Expenditures Information
(As adopted) By Object Area

Total Budgeted Expenditures $883,307,897

By Functional Area

Total Budgeted Expenditures $883,307,897