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C
<br />
<br /> Scenario 1
<br /> (Tmpact on School)
<br />
<br /> Assumes continuation of the TIF Areas and the ca tp_~L~Of TIF
<br />
<br /> PRESENT SITUATION
<br /> Represents 2002 taxes payable 2003 property tax levies, assessed valuation and tax rates.
<br />
<br /> Revenue from
<br /> MOORESVILLE Property Tax Assessed Property Tax Revenue from Total
<br /> SCHOOL FUNDS Rate Value Levy State Aid Revenue
<br />
<br /> General $0.5186 $976,670,800 $5,065,015 $15,597,336 $20,662,351
<br /> Debt Service 0.3351 976,670,800 3,272,824 3,272,824
<br /> Capital Projects 0.2143 976,670,800 2,093,006 2,093,006
<br /> Transportation 0.0911 976,670,800 889,747 889,747
<br /> Bus replacement 0.0441 976,670,800 430,712 430,712
<br /> Special Ed PS 0.0029 976,670,800 28~323 55~770 84~093
<br />
<br /> Total School $1.2061 $11~779~627 $15~653~106 $27~432~733
<br />
<br /> C
<br />
<br /> Scenario 2
<br /> (Impact on School)
<br />
<br /> rn fi rrn n Iv I i - ' nin' 7
<br /> ~1~1 Revenue from Variance
<br /> MOORESVILLE Property Tax Assessed Property Tax Revenue from Total From Present
<br /> SCHOOL FUNDS Rate Value Levy State Aid Revenue Si'uation
<br /> Genoal $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 54,755 84~093 0.0000
<br /> Total School $1.1824 $11,962,152 $15,470,581 $27,432~733 I ($0'0237)1
<br /> DIFFERENCE ($0.0237) $182,525 ($182,525) $0
<br />
<br /> C
<br />
<br /> 6
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