2016-2017 Financial Overview

District Size

Number of Campuses

Student Enrollment

High School

1

High School

               2,800

Middle School

2

Middle School

               2,418

Elementary Schools

6

Elementary Schools

               4,447

Total

9

Total

               9,665

Budgeted Funds

Fund

Budget (millions)

General Operating Fund

  112.9

LTISD property taxes that are sent to the State

Food Service Fund

      4.9

State Recapture Payment 41.1 million

Debt Service Fund

     35.7

Total Official Budgeted Funds

   153.5

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+

FAST - State Financial Rating 

District Valuation

2016-17

2015-16

Tax Rate

$1.4075

$1.4075

Average Home Value

$471,299.00

$445,442.00

Net Taxable Property Values

Average Tax Bill

    $4,849.00

    $4,552.00

$8,723,658,733

General Homestead Exemptions:

   State

$25,000

$25,000

   School District

20%

20%