Smart Money: School Finance Explainer
Channel: Leander ISD
Date: 03/06/2022

Leander ISD's Smart Money: School Finance Explainer video seeks to provide an understanding of how school districts are funded; how LISD is looking to manage the tax rate; and the impact to taxpayers in the community. For more information, check out www.leanderisd.org/smartmoney/

00:00 – Welcome
00:06 – About the tax rate
00:27 – Tax Rate: M&O
00:48 – Tax Rate: I&S
01:18 – Operating Budget: Revenue into Jars
01:33 – Operating Budget: Revenue from Buckets
01:51 – Determining the size of the Tier 1 Entitlement revenue jar
03:08 – Filling the Tier 1 jar – Scenario 1
03:54 – Filling the Tier 1 jar – Scenario 2
04:32 – Filling the Tier 1 jar – Scenario 3
04:49 – Filling the Tier 1 jar – Scenario recap
05:03 – Tier 2 Golden Pennies
05:50 – Tier 2 Copper Pennies
06:23 – Addressing the district's operating budget deficit
07:02 – 2021–22 Tax Rate
07:27 – 2022–23 Tax Rate Compression
07:56 – 2022–23 VATRE Tier 2 Pennies
08:16 – Tax Rate comparison
08:43 – Impact to the Taxpayer
08:54 – Impact to the Taxpayer – 2021-22
09:25 – Impact to the Taxpayer – 2022-23 – Scenario 1
11:06 – Impact to the Taxpayer – 2022-23 – Scenario 2