The district 's deficit was $369.5 million by the end of the 2007 -- 2008 fiscal year , and its long - term debt was $1.5 billion .
By that time DPS had a $200 million deficit .
The district 's deficit was $369.5 million by the end of the 2007 -- 2008 fiscal year , and DPS 's long - term debt was $1.5 billion .
By that time DPS had a $200 million deficit .