2020-2021 Financial Overview

District Size

Number of Campuses

Student Enrollment

High School

1

High School

3,384

Middle School

3

Middle School

2,734

Elementary Schools

7

Elementary Schools

4,942

Total

11

Total

11,060

Budgeted Funds

Fund

Budget (millions)

General Operating Fund

  130.8

LTISD property taxes that are sent to the State

Food Service Fund

      5.8

State Recapture Payment 39.8 million

Debt Service Fund

     43.8

Total Budgeted Funds

   180.4

Special Revenue Funds

       4.1

Capital Projects Funds

     112.7

Ratings

Bond Rating (underlying credit):

Standard & Poor's

AA+

FIRST- State Financial Rating

Superior Achievement

Fitch

AA+

SMART School Financial Rating 

District Valuation

2020-21

2019-20

Tax Rate

$1.3239

$1.3375

Average Home Value

$556,297.00

$556,297

Net Taxable Property Values

Average Tax Bill

    $5,450

    $5,450

$11,317,650,560

General Homestead Exemptions:

   State

$25,000

$25,000

   School District

20%

20%