2018-2019 Financial Overview

District Size

Number of Campuses

Student Enrollment

High School

1

High School

               3,283

Middle School

2

Middle School

               2,800

Elementary Schools

6

Elementary Schools

               4,917

Total

9

Total

              11,000

Budgeted Funds

Fund

Budget (millions)

General Operating Fund

  133.8

LTISD property taxes that are sent to the State

Food Service Fund

      5.0

State Recapture Payment 50.5 million

Debt Service Fund

     41.0

Total Official Budgeted Funds

   179.8

Special Revenue Funds

       4.1

Capital Projects Funds

     10.3

Ratings

Bond Rating (underlying credit):

Standard & Poor's

AA+

FIRST- State Financial Rating

Superior Achievement

Fitch

AA+

SMART School Financial Rating 

District Valuation

2018-19

2017-18

Tax Rate

$1.4075

$1.4075

Average Home Value

$532,134.00

$489.982.00

Net Taxable Property Values

Average Tax Bill

    $5,414.00

    $5,090.00

$11,348,471,654

General Homestead Exemptions:

   State

$25,000

$25,000

   School District

20%

20%