South Bend Community School Corporation Debt

Total Outstanding Debt *** $89,689,266 ***

Carrying so much debt they will have to pay $ 16,175,766 this year in debt service.

Only $     1,570,168 goes towards principal
         $       633,373 goes towards interest
         $ 13,409,000 goes towards leases
         $       563,225 goes to Textbook Reimbursements

Proper financial management would keep Debt amounts low so the funds could go towards other things.

​Would you have liked this amount to go towards teacher salaries instead?

Link to Debt Report

Source: gateway.ifionline.org as of 5/31/2020

South Bend Community School Corporation Debt

Pension Fund Account 0186
Principal of Debt                 $ 2,925,000
Interest on Debt                  $    224,474
                                               $  3,149,474

Source: gateway.ifionline.org as of 5/31/2020