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MOORESVILLE (INDIANA) REDEVELOPMENT COMMISSION
<br /> (Cont'd)
<br /> Allocation Areas No. I and No. 2 & Expanded No. 2
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<br /> ESTIMATED IMPACT OF PARTIAL PASS-THROUGH ON MOORESVILLE SCHOOLS (1)
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<br />ASSUMES PARTIAL PASS-THROUGH
<br />Assume $35,000,000 of incremental assessed value is passed-through beginning in 2007.
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<br /> Revenue from Variance
<br />MOORESVILLE Property Tax Assessed Property Tax Revenue from Total From Present
<br />SCHOOL FUNDS Rate Value Levy State Aid Revenue (2) Situation
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<br />General $0.5186 $1,011,670,800 $5,246,525 $15,415,826 $20,662,351 $0.0000
<br />Debt Service 0.3235 1,011,670,800 3,272,824 3,272,824 (0.0116)
<br />Capital Projects 0.2069 1,011,670,800 2,093,006 2,093,006 (0.0074)
<br />Transportation 0.0879 1,011,670,800 889,747 889,747 (0.0032)
<br />Bus replacement 0.0426 1,011,670,800 430,712 430,712 (0.0015)
<br />Special Ed PS 0.0029 1,011,670,800 29,338 29,338 0.0000
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<br />Total School $1.t824 $11,962,152 $15,415,826 $27,377,978 I ($0'0237)1
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<br />DIFFERENCE ($0.0237) $182,525 ($181,510) $1,015
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<br />(1) Based on information provided by the Indiana Department of Local Government Finance.
<br />(2) Excluding Vehicle Excise Taxes and Financial Institution Taxes.
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<br /> PRELIMINARY DRAFT
<br /> For Review and Discussion
<br /> Prepared by: H.J. Umbaugh & Associates
<br /> December 9, 2003
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