Back to Shelby County Risk Audit
Independent School District • TN
Memphis-Shelby County Schools
Public Bond Indebtedness, Interest Obligations & Debt Service Tax Pressure
98% Conf.
Tax Drift Index
61/ 100
Elevated Drift Risk
Memphis-Shelby County Schools Bond Carrying Cost Briefing
MSRB EMMA Official Bond Filings & State Education AgencyAugust 2026
Memphis-Shelby County Schools in Shelby County, TN carries 1250M in outstanding voter-approved capital bond indebtedness ($11,500/student), requiring an adopted millage rate of 0.580% to service ongoing facility and operational obligations.
M&O Rate: 0.5%I&S Debt Rate: 0.1%Combined Rate: 0.6%
Total Outstanding Bond Debt
$1.3B
Voter-Approved Capital Bonds
Debt Burden Per Student
$11,500
Among Top 5% Nationally
Student Enrollment
108,696
Active K-12 Student Population
Annual Debt Interest Service
$60.0M
Annual Interest & Sinking Outflow