The district lost eight points for its ratio of long-term liability related to total assets as LISD had about $1.6 billion in debt and $1.7 billion in assets.
To receive the max score, the ratio has to be 0.6 or less, or the district has to experience 7% enrollment growth.
LISD saw its enrollment increase by 5.57% in 2021-22.
“The state realizes if you’re a fast-growth district, ... you’re going to have debt while you build infrastructure,” Chief Financial Officer Peter Pape said.
