2014–2015 BUDGETED REVENUES - GENERAL FUND
$1,387,367,633 (83%)
LOCAL SOURCES:
are derived primarily from taxes levied
on real estate. The current property tax
rate for HISD is $1.1867 per $100 of
assessed value. The homestead exemption is 20%, plus $15,000 of the remaining value. In addition, the tax rate is
capped for those over 65 years of age.
OTHER SOURCES:
are derived primarily from transfers-in from other funds, Sale of
Bonds, Notes, and Contractual Obligations, and Capital Leases.
$30,400,000 (2%)
Source: HISD Budgeting and Financial Planning
26
STATE SOURCES:
are derived primarily from the
Foundation School Program.
Three main factors, along with a
series of complex formulas, constitute the basis for annual allocations:
Average Daily Attendance
Type of Student
District Wealth
$257,893,223 (15%)
FEDERAL SOURCES:
are derived primarily from grants provided for special purposes and cannot
$5,752,233 (<1%) be expended for any purposes other
than those specified in the grant.
Houston Independent School District and School Profiles 2014–2015