Tax & Budget Data
2008-2009
| Adopted Tax Rate (per $100 valuation) |
| General Operations (M&O) |
$1.0400 |
79.8% |
| Debt Service |
$0.2625 |
20.2% |
| Total Rate |
$1.3025 |
100.0% |
| Taxable Assessed Valuation |
| Residential |
$20,050,602,456 |
65.1% |
| Non-residential |
$10,749,094,097 |
34.9% |
| Total Taxable AV |
$30,799,696,553 |
100.0% |
| Estimated Tax Collection Rate |
99.0% |
Fund Balance
| Undesignated Fund Balance as of August, 31, 2008 |
$97,187,042 |
| % of Total 2008-2009 Budgeted Expenditures |
14.9% |
Unlimited Tax Debt Information
|
Authorized |
Issued |
| 1988 Program |
$115,000,000 |
$115,000,000 |
| 1995 Program |
$98,000,000 |
$98,000,000 |
| 1998 Program |
$224,000,000 |
$224,000,000 |
| 2001 Program |
$495,000,000 |
$495,000,000 |
| 2004 Program |
$439,000,000 |
$439,000,000 |
| 2007 Program |
$692,670,000 |
$170,000,000 |
On May 12, 2007, District taxpayers approved a $692.67 million
bond program to finance the construction of a high school, two
middle schools, nine elementary schools and sites for future
schools. The program will also finance major improvements to
existing facilities and major technology initiatives.
Outstanding Unlimited Tax Debt
| % Debt to Assessed Valuation |
4.1% |
| 2007-08 Debt Service (actual)* |
$73,312,366 |
| Per student |
$857 |
| 2007-08 Debt Service (budgeted)* |
$96,122,050 |
| Per student |
$1,085 |
*The District receives state aid toward the retirement of its
debt through the Instructional Facilities Allotment and Existing
Debt Allotment programs. The debt service requirements shown are
net of any state funding.