Saturday, December 3, 2011

Local Property Values

2010 Local District Property Value (DPV)
District 1 $ 145,968,635
District 2 $2,916,187,709

I & S (Interest & Sinking Fund) Tax Collection
District 1 $94,871 District 1 $8,836,256

Chapter 46 (EDA) Totals
District 1 $572,716
District 2 $0

Funds Available to Make Payments
District 1 $667,587
District 2 $8,836,256

By examining the figures above, it is apparent that District 2 is a much wealthier district than District 1. District 1only has a local district property value approximately 145 million dollars and District 2 has a local district property value of approximately 2 billion dollars. I would ascertain that the buildings and the infrastructure in District 2 are probably newer and better maintained than those of District 1. With property values as low as they low as they are in District 1 would probably indicate that the buildings in District 1 are somewhat dilapidated and the infrastructure antiquated. I would also envision District 2 to have more intervention and remedial programs than District 1 although they are needed much more in District 1. Even if District 1 had newer buildings, it doesn’t have enough funds available to make payments on them according to calculations above. Since District 2 has the funds available to implement new programs for its struggling students, it is probably rated by the state as a Recognized or Exemplary district. District 1, on the other hand, appears to be experiencing financial hard times and is probably rated by the state as an Acceptable or Unacceptable district.

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