Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Fiscal Context topic
No spam. Unsubscribe anytime.
Santa Rosa ISD Reports Lower Taxable Value, $12.33M Bond Balance and Negative I&S Balance
Summary
District documents show estimated taxable value dropped about $4.46 million year‑over‑year, outstanding bonded debt of $12,330,000, and an estimated I&S fund balance of negative $184,549 at year end; M&O fund balance estimated at $3,527,020.
Santa Rosa ISD's public materials for the Sept. 15 hearing reported estimated appraised values of $308,732,503 for the current year and $299,366,571 the prior year, with taxable values listed as $158,611,936 (current) and $163,072,278 (prior), a decline of roughly $4.46 million in taxable value. The materials listed the district's outstanding bonded indebtedness at $12,330,000 (outstanding principal).
The notice also disclosed estimated year‑end fund balances: $3,527,020 in the M&O (general) fund and a negative $184,549 in the I&S (debt‑service) fund. The document cautioned that state law does not permit raising the M&O tax rate to create a surplus intended for debt service.
