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DRAFT
<br />Orange County School Funding Options Task Force
<br />Estimated Impacts of School Funding Models 6 and 7 as Proposed by CHCCS
<br />This table reflects projected 10 year per pupil allocations, County current expense appropriations, and estimated tax rate impacts of those levels of appropriations for each fiscal year, based on Models 6
<br />and 7, as suggested by CHCCS representatives of the School Funding Options Task Force.
<br />Assumes annual student population growth at 3%
<br />Assumes property tax base growth (what one cent produces) at 3.5 % annually, except 15% in post - revaluation years (highlighted, in bold)
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<br />1999 -00 1
<br />2000 -01
<br />2001 -02
<br />2002 -03
<br />2003 -04
<br />2004 -05
<br />2005 -06
<br />2006 -07
<br />2007 -08
<br />2008 -09
<br />2009 -10
<br />Projected Student Population
<br />15,309
<br />15,768
<br />16,241
<br />16,729
<br />17,230
<br />17,747
<br />18,280
<br />18,828
<br />19,393
<br />19,975
<br />20,574
<br />Model 6
<br />Per Pupil Appropriation
<br />(11 %Annual Growth)
<br />$ 2,256
<br />$2,504
<br />$2,780
<br />$3,085
<br />$3,425
<br />$3,801
<br />$4,220
<br />$4,684
<br />$5,199
<br />$5,771
<br />$6,406
<br />Model 7
<br />Per Pupil Appropriation
<br />(20% Annual Growth)
<br />$ 2,256
<br />$2,707
<br />$3,249
<br />$3,898
<br />$4,678
<br />$5,614
<br />$6,736
<br />$8,084
<br />$9,700
<br />$11,640
<br />$13,969
<br />Model 6
<br />Current Expense Approp
<br />(11 %Annual Growth)
<br />$34,537,104
<br />$39,486,271
<br />$45,144,654
<br />$51,613,883
<br />$59,010,152
<br />$67,466,307
<br />$77,134,228
<br />$88,187,563
<br />$100,824,841
<br />$115,273,0411
<br />$131,791,668
<br />Model 7
<br />Current Expense Approp
<br />(20% Annual Growth)
<br />$34,537,104
<br />$42,687,861
<br />$52,762,196
<br />$65,214,074
<br />$80,604,595
<br />$99,627,280
<br />$123,139,318
<br />$152,200,197
<br />$188,119,443
<br />$232,515,632
<br />$287,389,321
<br />Estimated Revenue Produced
<br />by One Cent on Countywide
<br />Tax Rate
<br />$681,225
<br />$705,068
<br />$810,828
<br />$839,207
<br />$868,579
<br />$898,980
<br />$1,033,826
<br />$1,070,010
<br />$1,107,461
<br />$1,146,222
<br />$1,318,155
<br />Model 6
<br />Equivalent Tax Rate Impact
<br />(in cents)
<br />(11 %Annual Growth)
<br />50.7
<br />56.0
<br />55.7
<br />61.5
<br />67.9
<br />75.0
<br />74.6
<br />82.4
<br />91.0
<br />100.6
<br />100.0
<br />Model 7
<br />Equivalent Tax Rate Impact
<br />(in cents)
<br />(20% Annual Growth)
<br />50.71
<br />60.51
<br />65.1
<br />77.7
<br />92.81
<br />110.8
<br />119.1
<br />142.2
<br />169.91
<br />202.91
<br />218.0
<br />Assumes annual student population growth at 3%
<br />Assumes property tax base growth (what one cent produces) at 3.5 % annually, except 15% in post - revaluation years (highlighted, in bold)
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