School district property tax collections consist of Maintenance & Operations taxes and Interest & Sinking taxes. Maintenance and Operations taxes are used to operate and maintain the district's schools. Interest and Sinking taxes are used to pay for bonded indebtedness, usually construction of facilities or other capital needs.
The Interest & Sinking property tax collections have been driven by the increase in servicing bonded indebtedness approved by the local taxpayers. Voters approved: $224.5m in bonds (2005), $260.0m in bonds (2008), $255.0m in bonds (2012).