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Pasadena Texas online Form 1041 (Schedule D): What You Should Know
Our school district currently operates in 2 locations — Pasadena and Midlothian. All our schools (and the schools in our two locations) are self-financing with all revenues raised either through our own funds or through the local tax levy. Our Board and management staff are experienced, trained in a variety of subjects, and committed to making their schools the highest performing in our area. We expect to add many more locations in the future. In order to qualify for this recognition, we will need to have the following objectives: • Make a strategic investment in ourselves by hiring the right staff. • Maintain high school graduation, and college and career readiness rates. • Produce sufficient financial resources to meet the obligations of our students, faculty, staff, and families. Our financials are managed as they might be for any other business organization; for instance, it would be unusual for us to have no debt while in the midst of a year-end financial deficit. Our tax levy is funded by the following: • A 7% local millage. • Local property tax of 10.1%. • Sales tax of 8.25% (which is included in our tax rate). Our operating costs come from several sources including: • Staff turnover costs are 4.4%. • Other costs pertain to the use of school facilities. • Additional general fund spending on transportation, utilities and building maintenance. We provide a very personalized education to our students. Our professors are dedicated professionals who are expected to teach the highest standards, and who are empowered to challenge our students on their own learning. Our school district is in the midst of a reformation in that we have established a school culture that is focused on the quality of the instruction and the success of our students. As a result, our students are now graduating from our campuses with high school degrees and a significant number of college and career readiness degrees, we are having greater success in getting out of the education deficit, and our graduation rate has been in double-digit percentage points range. We have the highest percentages per PISA test of any school district in the state of Texas — higher than both North Texas (13.5%) and South Texas (12.
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