Overview on expenditures and revenue in LPS

Written by
August 13, 2026

Overview on expenditures and revenue

Learn More About the District Budget

Pie Chart of 2026–2027 General Fund Expenditure ExpectationsSalaries: 58.5%Benefits: 21.1%Purchased Services: 7.4%Charters: 6%Transfers: 3.5%Supplies: 3.1%Capital/Other: 0.4%

Salaries and benefits make up the primary portion of expected expenditures at approximately 85%, with charter compensation included. Non-personnel costs, led by purchased services, comprise the remainder of the budget.

How LPS Schools are Funded

Horizontal bar chart of 2026–2027 General Fund Revenue Sources: State Funding 39.4%, Property Taxes 39.0%, Mill Levy Override 15.1%, Specific Ownership Taxes 3.9%, Other Local/Interest/Transfers 2.4%, Federal Funding 0.2%.

District funding is anchored by state sources (39.4%) and property taxes (39%). Mill levy overrides and specific ownership taxes supply another 19%, with minimal funding coming from federal and other local streams.

LPS is dedicated to open, accountable stewardship of local tax dollars. For detailed financial reports, annual audits, and current budget documents, visit the official financial portal: LPS Financial Transparency.

A certificate with gold border reads "Certificate of Achievement for Excellence in Financial Reporting" above a stylized "CFA" logo.

The LPS Finance Department has been honored with the Certificate of Achievement in Excellence in Financial Reporting by the Government Finance Officers Association (GFOA) for 32 consecutive years, which is the highest form of recognition in governmental accounting and financial reporting. According to the GFOA, receiving this award “represents a significant accomplishment by a government and its management.”

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