transparency

Debt at a Glance - School District Debt

Rankin ISD

2014-2015 Enrollment: 277

Change from 2005-2006 to 2014-2015:

+23.1%  Rankin ISD +13.1% Texas

Source: Texas Education Agency

Rankin ISD is located in Upton County, and had an enrollment of 277 in 2015. The district has a total of 1 campus(es), including 0 elementary school(s), 0 middle school(s) and 0 high school(s), as well as 1 combined campus(es).


The data on this page is provided as of the date indicated and may not reflect debt, enrollment or other data as of any subsequent date. See other explanations.

For more information on the types of debt, refer to our Debt Glossary.

Current Debt Obligations

Debt Outstanding for Rankin ISD, as of August 31, 2015

The table lists the type of debt and amount
Type of Debt Amount
Voter Approved Tax-Supported Debt $31,725,000  
Maintenance and Operations
Tax-Supported Debt
$0  
Revenue Supported Debt $0  
Lease Revenue Obligations $0  

Source: Texas Bond Review Board

CABs Outstanding for Rankin ISD, as of August 31, 2015

No data available.

Source: Texas Bond Review Board

How Rankin ISD Compares

Tax-Supported Debt Outstanding for School Districts of Similar Size, as of August 31, 2015

a list of school districts of similar size and their debt
District Name Tax-Supported Debt Outstanding Tax-Supported Debt Outstanding per Student Enrollment
Boys Ranch ISD   $0   $0   281  
San Perlita ISD   $3,730,000   $13,274   281  
Spur ISD   $5,350,000   $19,107   280  
Leveretts Chapel ISD   $0   $0   277  
Rankin ISD   $31,725,000   $114,531   277  
Roby CISD   $0   $0   277  
Bloomburg ISD   $799,000   $2,895   276  
Robert Lee ISD   $9,685,342   $35,219   275  
Aquilla ISD   $2,949,000   $10,724   275  
Bronte ISD   $0   $0   274  

Source: Texas Bond Review Board, Texas Education Agency
Note: The table includes Rankin ISD and nine ISDs with closest enrollment numbers based on 2014-2015 TEA enrollment data. Total tax-supported debt includes both voter approved and maintenance and operations tax-supported debt. It does not include revenue debt or lease-purchase obligations. Enrollment figures are 2014-2015 Texas Education Agency estimates. The state provides funding for debt service to some school districts; thus, debt outstanding per student may not be indicative of relative school district debt service tax burdens.

Most Recent Bond Election

Rankin ISD Bond Election

Approved Bonds

Election Proposition Purpose Amount
05/11/2013 Prop. 1   School Building   $4,915,000  

Defeated Bonds

No data available.

Source: Rankin ISD
Note: Does not reflect authorized but unissued debt, if any, approved at earlier elections.

Proposed Bond Issuances

No data available.

Note: Reflects only referenda currently known and verified by the Comptroller's office at this time.

For a full list statewide, see the Upcoming Bond Election Roundup.

Tax-Supported Debt per Student changed by +926.6%
from 2006-2007 to 2014-2015.

Rankin ISD Outstanding Tax-Supported Debt Per Student: 10-Year Trend

Sources: Texas Bond Review Board, Texas Education Agency, Bureau of Labor Statistics
Note: Ratio reflects tax-supported debt in 2015 dollars divided by enrollment in the school year ending in the relevant year. Some tax-supported debt issued before 2003 may not be reflected.

Current Tax Rates

Sales Tax Rate in Fiscal Year 2015

the table lists the type of property tax rates and amounts
Rate Amount
Sales Tax Rate: N/A  

Property Tax Rates in Calendar Year 2015
(Per $100 Valuation)

the table lists the type of property tax rates and amounts
Property Tax Rate Amount
Voter Approved Tax-Supported Debt: $0.090000  
Maintenance & Operations: $1.036300  
Total Property Tax Rate: $1.126300  

Authorized But Unissued Tax-Supported Debt

After voters approve tax-supported debt for a local entity in an election, the entity applies to the Attorney General (OAG) to approve issuance before debt is issued. Typically, the entity does not apply for the OAG to approve the total debt package at once, but rather over time so that it can manage the projects and reduce interest expense. Authorized but unissued tax-supported debt totals are the remaining voter approved tax-supported debt that the entity has not issued yet and may be issued in the future.

No data available.

Source: Texas Bond Review Board
Note: Reflects authorized but unissued tax-supported debt as of August 31, 2015. Some debt authorized prior to 2003 but still unissued may not be reflected.

An Introduction to Understanding

Comprehensive Annual Financial Reports

When you’re ready to learn about a public entity’s fiscal health, you’ll find a great deal of information in comprehensive annual financial reports (CAFRs) and other yearly reports. Often posted online alongside other financial information, CAFRs report an entity’s accounting statements, debts and other key information for the past year.

But sometimes that information can be tricky to find – and tough to understand. Because of that, our office compiled some tips for locating an entity’s CAFRs and for understanding them. You’ll learn how all CAFRs have certain similarities and when and why different entities’ CAFRs will differ in key ways. Plus, we detail strategies for pinpointing the debt, expenditure and revenue information you need to hold a government entity accountable.

Note that the data in the following publications is presented as of the dates indicated in the publications and may not reflect debt, population or other data as of any subsequent date. For further or more current information, see the applicable entity’s web site or its most recent filings at Electronic Municipal Market Access (EMMA®). The Comptroller does not control or guarantee the accuracy, completeness, or currency of any such site. When you access any such site, you will be leaving the Comptroller’s website.

Read our Guide to Understanding Comprehensive Annual Reports (CAFRs)

Download 2015 ISD debt data. (XLSX)

To learn more about the finances of public pension plans that may operate in this jurisdiction, please visit our public pension search tool.