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    Lake Travis ISD

    by Brad Goerke

    2022-2023 Financial Overview

     

     

    District Size

    Number of Campuses

       

    Student Enrollment

                 

    High School

     

    1

     

    High School

     

    3,701

    Middle School

     

    3

     

    Middle School

     

    2,608

    Elementary Schools

     

    7

     

    Elementary Schools

     

    5,090

    Total

     

    11

     

    Total

     

    11,399

       

     

           

    Budgeted Funds

                 

    Fund

     

    Budget (millions)

     

     

     

       

    General Operating Fund

     

      182.7

     

     

    LTISD property taxes that are sent to the State

    Food Service Fund

     

          6.0

     

    State Recapture Payment 45.3 million

    Debt Service Fund

     

         58.6

     

     

     

     

    Total Budgeted Funds

       247.3

           
                 

    Special Revenue Funds

           3.8

           

    Capital Projects Funds

         338.5

           
                 

    Ratings

    Bond Rating (underlying credit):

           
                 

    Standard & Poor's

     

    AA+

     

    FIRST- State Financial Rating

     

    Superior Achievement

    Fitch

     

    AA+

     

    SMART School Financial Rating 

      5 Stars
                 
                 

    District Valuation

                 
       

    2022-23

    2021-22

         
                 

    Tax Rate

     

    $1.2121

    $1.3239

     

     

     

    Average Home Value

     

    $1,028,482

    $649,536

    Net Taxable Property Values

    Average Tax Bill

     

        $6,164

        $5,603

    $19,643,576,295

           

     

     

     

    General Homestead Exemptions:

             

       State

     

    $40,000

    $40,000

         

       School District

     

    20%

    20%