|
|
|
|
|
|
|
|
|
|
|
| ESTIMATED
IMPACT ON TAX RATES OF DECLINING STUDENTS FOR FUNDING PURPOSES |
|
and CHANGE IN METHOD OF
CALCULATING TAX RATES |
|
|
|
| January
26, 2005 |
|
|
|
| ASSUMPTIONS
FOR FY06 TAX RATES |
|
|
* Adoption of all proposed 2005-06
budgets |
|
|
*
Legislative approval of the recommended base homestead rate |
|
|
|
| ASSUMPTIONS
FOR PROJECTIONS TO FY07 AND FY08 |
|
|
*
Implementation of Act 130 for FY07 |
|
|
|
*
Act 130 changes the distribution of certain state revenues |
|
|
|
*
Act 130 calculates separate tax rates for union and non-union schools |
|
|
*
Budgets as proposed for the 2005-06 school year |
|
|
*
Pupil count for funding calculated by advancing current students
through grades; |
|
|
future pre-school and kindergarten
enrollments based on an average of the last 2 years |
|
|
|
|
|
|
|
|
|
Tax Rate
History - ACT 60 |
ACT 68 |
ACT 130 |
|
|
|
|
Based on FY06 Budgets |
|
|
|
|
|
|
FY00 |
FY01 |
FY02 |
FY03 |
FY04 |
FY05 |
FY06 |
FY07 |
FY08 |
|
| Addison |
1.46
|
1.71
|
1.94
|
1.94
|
1.84
|
1.46
|
1.55
|
1.60 |
1.64
|
|
|
|
|
|
|
|
|
| Ferrisburgh |
1.55
|
1.83
|
1.89
|
1.95
|
2.02
|
1.53
|
1.59
|
1.57
|
1.62
|
|
|
|
|
|
|
|
|
| Panton |
1.52
|
1.69
|
1.86
|
2.27
|
1.78
|
1.36
|
1.48
|
1.53
|
1.58
|
|
|
|
|
|
|
|
|
| Vergennes |
1.40 |
1.49
|
1.75
|
1.78
|
1.89
|
1.53
|
1.44
|
1.52
|
1.55
|
|
|
|
|
|
|
|
|
| Waltham |
1.54
|
1.64
|
1.70 |
2.01
|
1.75
|
1.45
|
1.37
|
1.51
|
1.55
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| TAX
RATES AND IMPACT UNDER A UNIFIED UNION |
|
|
| ESTIMATED
IMPACT ON TAX RATES OF DECLINING STUDENTS FOR FUNDING PURPOSES |
|
and CHANGE IN METHOD OF
CALCULATING TAX RATES |
|
|
| ASSUMPTIONS
FOR FY05 and FY06 TAX RATES |
|
|
*
"What if" a unified union was in place for the current year
(FY05) |
|
|
* Adoption of all proposed 2005-06
budgets |
|
|
*
Legislative approval of the recommended base homestead rate for FY06 |
|
|
| ASSUMPTIONS
FOR PROJECTIONS TO FY07 AND FY08 |
|
|
*
Implementation of Act 130 for FY07 |
|
|
|
*
Act 130 changes the distribution of certain state revenues |
|
|
|
*
Act 130 calculates separate tax rates for union and non-union schools |
|
|
*
Budgets as proposed for the 2005-06 school year |
|
|
*
Pupil count for funding calculated by advancing current students
through grades; |
|
|
future pre-school and kindergarten
enrollments based on an average of the last 2
years |
|
|
|
|
|
|
|
|
|
|
|
Tax Rate
History - ACT 60 |
ACT 68 |
ACT 130 |
|
|
|
|
Based on FY06 Budgets |
|
|
|
|
|
|
Unified |
Unified |
Unified |
Unified |
|
|
FY00 |
FY01 |
FY02 |
FY03 |
FY04 |
FY05 |
FY06 |
FY07 |
FY08 |
|
| Addison |
1.46
|
1.71
|
1.94
|
1.94
|
1.84
|
1.50 |
1.51
|
1.55
|
1.60 |
|
|
|
|
|
|
|
|
| Ferrisburgh |
1.55
|
1.83
|
1.89
|
1.95
|
2.02
|
1.50 |
1.51
|
1.55
|
1.60 |
|
|
|
|
|
|
|
|
| Panton |
1.52
|
1.69
|
1.86
|
2.27
|
1.78
|
1.50 |
1.51
|
1.55
|
1.60 |
|
|
|
|
|
|
|
|
| Vergennes |
1.40 |
1.49
|
1.75
|
1.78
|
1.89
|
1.50 |
1.51
|
1.55
|
1.60 |
|
|
|
|
|
|
|
|
| Waltham |
1.54
|
1.64
|
1.70 |
2.01
|
1.75
|
1.50 |
1.51
|
1.55
|
1.60 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|