The Texas Comptroller of Public Accounts is proud to announce the Transparency Stars program, recognizing local governments for going above and beyond in their transparency efforts. The program recognizes government entities that accomplish the following:
- open their books not only in their traditional finances, but also in the areas of contracts and procurement, economic development, public pensions and debt obligations.
- provide clear and meaningful financial information not only by posting financial documents, but also through summaries, visualizations, downloadable data and other relevant information.
The LISD Business Office is dedicated to providing transparent financial results from operations for the LISD community and beyond.
Bond Election & HB 1378
On May 10, 2008 Longview ISD held its official bond election for the issuance of $266,875,000 worth of school building bonds. The election was approved by the community and LISD began to construct new elementary and middle school campuses and renovate existing campuses. The school issued a total of $266,527,667.96 of construction, renovating, acquiring, and equipping school facilities bonds. All of the proceeds were spent for this purpose. In 2015, LISD issued $107,505,000 of refunding bonds and received a total interest cost savings of $26,753,310.42. For more information regarding our bonds please see the attachments below.
On August 29, 2016 the LISD School Board adopted a M&O tax rate of $1.04 & a debt service rate of $0.473 for a combined rate of $1.513