Many states also assist their local school districts with capital funds for construction and major renovation of school buildings. In addition, many local school districts have their own sources of revenue and taxing authority and may issue bonds. Unlike other school agencies, the District government must provide both the state and local sources of funds. In addition, DCPS does not have its own taxing authority, nor can it issue bonds for capital improvements. DCPS must rely on the District to ration scarce dollars to school repair and construction and must compete with other vital government programs.
Most local schools rely substantially on property taxes.
Of course, the city s property tax base is limited because of the significant amount of valuable property that is federally owned. As I noted earlier, capital needs of the District s schools are massive. In conclusion, Mr. Chairman, the Authority is pleased that progress is being made in improving the public schools of the District. We all recognize that more needs to be done, and we are working to make sure that improvements continue according to our plans. The Authority remains committed to reforming the schools and ensuring that the District s children obtain a public education that provides them a bright and productive future.