Debt per Student Rises as Result of Bond Election
DAYTON, November 5, 2014 - One of the ways the Texas Comptroller looks at the amount of bonded indebtedness is the amount of debt per student ratio. Bonded indebtedness by school districts has grown astronomically of the last 10 years.
In June 6, 2013 i-dineout.com published the amount of debt owed by Liberty ISD and Dayton ISD.
Liberty had a debt per student of $11,475.33 and they’ve spent years trying to pay that down.
Dayton at the time had a debt per student of only $4,902.29.
In June of last year the Dayton ISD had an enrollment of 4,906 students.
If you do the math, with the passage of 87 million dollar bond election, Dayton will now have a debt equal to about $22,635.68 per student. The bond increased the debt per student by about $17,733.39 per student.