Note: Table reports expenditures from all funds (General, State Special Education, Combined GF & Special Education, Total Governmental, Total State Grants, and Total Federal Grants); Statewide totals include expenditures from public charter schools Variable
costs include expenditures for Instruction, Student / Instruction
Support Services, Other
Support Services, and Fringe Benefits; They exclude Operational Expenses, Total Property Expenses, Assets / Reserves,
Debt Service, Transfers, and other miscellaneous expenses
Consider this: A West Contra Costa homeowner whose 1,200 square foot home is assessed at $ 500,000 (the local average) currently pays about $ 1,326 per year to
service debt obligations that
support school
costs.
Borrowing
costs may be higher because of PA's 5 credit downgrades AND lawmakers who
support this borrowing have not shared how they plan to pay for these substantial new
debt service payments in future budgets.
If refinancing to lower
debt is the right decision for you, keeping
costs contained by shopping for
services and negotiating for lower fees is one way to help
support your overall goal to reduce
debt.