2021-2022 Financial Overview

District Size

Number of Campuses

Student Enrollment

High School

1

High School

3,667

Middle School

3

Middle School

2,665

Elementary Schools

7

Elementary Schools

5,013

Total

11

Total

11,345

Budgeted Funds

Fund

Budget (millions)

General Operating Fund

  144.7

LTISD property taxes that are sent to the State

Food Service Fund

      5.8

State Recapture Payment 45.3 million

Debt Service Fund

     48.5

Total Budgeted Funds

   199.0

Special Revenue Funds

       3.4

Capital Projects Funds

     31.3

Ratings

Bond Rating (underlying credit):

Standard & Poor's

AA+

FIRST- State Financial Rating

Superior Achievement

Fitch

AA+

SMART School Financial Rating 

District Valuation

2021-22

2020-21

Tax Rate

$1.2301

$1.3239

Average Home Value

$649,536

$557,361

Net Taxable Property Values

Average Tax Bill

    $5,603

    $5,518

$15,416,395,897

General Homestead Exemptions:

   State

$25,000

$25,000

   School District

20%

20%