Budget Assumptions
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CAPITAL PROJECTS FUND
October 26, 2017
Revenue Assumptions:
- Revenue is based on a maximum tax rate of $0.2543
- $1,297,873 in additional levy for utilities (same as past years)
- Miscellaneous taxes same as 2017
Expenditure Assumptions:
- Expenditures will be partly in CPF and partly in an additional bond issues of $1,990,000 for building projects and $1,990,000 for technology
- Expenditures will be limited by available revenue
- More details about expenditures can be found in the individual site plans and the list of CPF projects
Tax Rate/Levy Assumptions:
- This fund is capped by a maximum rate, determined by a state formula.
- Maximum rate for 2018 has been estimated at $0.2543. Here is how it compares to prior years’ maximum rate:
|
Year |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
2018 |
|
Max Rate |
$.2857 |
$.2787 |
$.2784 |
$.2651 |
$.2795 |
$.2662 |
$.2657 |
$.2611 |
$.2583 |
$.2543 |