Tax & Budget Data

2018-2019

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 $35,770,485,586 66%
Non-residential $18,728,328,805 34%
Total Taxable AV $54,498,814,391 100.0%
Estimated Tax Collection Rate 99%

Fund Balance

Projected Undesignated Fund Balance as of August, 31, 2018 $177,317,151
% of Total 2017-2018 Budgeted Expenditures 19.3%

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 $548,340,000
2018 Program $848,910,000 $0

On May 5, 2018, District taxpayers approved a $849 million bond program to finance the construction of one high school, one middle school, and two elementary schools. The program will also finance major improvements to existing facilities, infrastructure, roofing, saftey, major technology initiatives and buses.

Outstanding Unlimited Tax Debt $2,288,215,000
% Debt to Assessed Valuation 4.77%
2017-2018 Debt Service Expenditures (estimated) $155,571,355
Per student* $1,467
2018-2019 Debt Service Expenditures (budgeted) $166,962,651
Per student* $1,569
*Enrollment figures by year

Budgeted Revenue Information (As adopted)

General Operating Fund Budgeted
Revenue $883,538,231

Budgeted Expenditures Information
(As adopted) By Object Area

Total Budgeted Expenditures $912,273,622

By Functional Area

Total Budgeted Expenditures $912,273,622