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Consultant and district staff outline district finances: assessed value, mills, debt and options
Summary
A Stevens Inc. consultant and Little Rock School District finance staff on Sept. 11 reviewed the district’s assessed value, tax mills, outstanding debt and financing options, noting the district could generate capital funds from assessment growth or by issuing second‑lien bonds backed by existing mills.
A Stevens Inc. consultant and district finance staff briefed the board on Sept. 11 on the district’s fiscal position, mills, assessed valuation and debt, and described options for funding capital needs.
Consultant Jack Trump gave a five‑year assessment summary showing the district’s assessed value near $4.0 billion (the presentation used $4,000,000,008.65 as the 2024 certified assessed value and noted a preliminary 2025 figure slightly higher). The district currently levies 32 maintenance & operation (M&O) mills (state constitution requires at least 25), two dedicated M&O mills, and 12.4 debt service mills — a total of 46.4 mills. Trump calculated that, at the cited assessed…
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