CCISD issues tax rate and debt information
LEAGUE CITY, Texas -- With more than 1,200 school districts in Texas, the Clear Creek Independent School District is the 28th largest based on student enrollment and ranks 25th based on authorized and issued debt. This 25th ranking also includes financial projections if the $367 million CCISD bond is approved by voters on May 11, 2013.
If the $367 million bond proposal is approved by voters, the District would gradually sell bonds at approximately $91.7 million per year for four years while simultaneously paying off $22.6 in existing debt per year. Based on this analysis, the highest level of debt the District will accrue is $865.2 million in 2017.
The total tax rate for the Clear Creek Independent School District is currently $1.36 per $100 valuation. This total includes $1.04 on the Maintenance & Operations Tax Rate and $0.32 on the Interest & Sinking (debt). Based on an analysis of the 51 school districts in Region IV, Clear Creek ISD is in the bottom-half when it comes to the total tax rate per $100 valuation. Region IV school districts include Harris County, Galveston County, Brazoria County, Fort Bend County, Liberty County, Waller County, and Chambers County.
The Clear Creek Independent School District is also considered a “Fast Growth School District,” these are Texas school districts who receive 90% of the 77,000 new students who enroll in a Texas public school annually. It is not uncommon for these school districts to seek voter authorization on school bonds to meet the needs of rapid enrollment growth. Based on the analysis of fast growth school districts in Texas, Clear Creek Independent School District Interest & Sinking Tax Rate is below the State average for a fast growth school district.