Published Online: April 5, 2005
Published in Print: April 6, 2005, as School Debt

Report Roundup

School Debt

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School districts owed $251.8 billion at the end of fiscal 2003, according to a recent report from the U.S. Census Bureau.

For More Info
"Public Education Finances 2003," is available online from the U.S. Census Bureau. (Requires Adobe Acrobat Reader)

During that fiscal year, districts issued $48.1 billion in long-term debt and paid off $26 billion in existing debt. They spent $50.5 billion on capital outlays during that time, about 11 percent of the $453.6 billion spent in America’s K-12 public schools.

Vol. 24, Issue 30, Page 10

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