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Programmatic Considerations <br />* Information compiled by CHCCS and OCS staffs <br />* Comparison of twelve major program areas outlined in report <br />* Program details included at Appendix K <br />Context Of Financial Analysis <br />Most local school funding (e.g. current expense, capital) is now provided on a per <br />pupil basis <br />Staff analysis focused on the funding difference between systems related to CHCCS <br />district tax <br />Post-merger funding must be at highest five year historical per pupil rate upon <br />effective date of merger <br />. Analysis based on reasonable assumptions, but other scenarios are possible <br />^ Focus on "scope and scale" of potential financial impacts, not precise figures - "tax <br />rate" impacts rather than "tax bill" impacts <br />^ "Hold harmless" assumption does not imply no increases in other aspects of <br />education funding -that would be an annual budget process decision by the BOCC <br />Tax Rate Impact Of Hypathetical Schoal <br />Meraer <br />^ Major assumptions <br />^ Effective date of July 1, 2005 <br />^ Produce same $1,167 per pupil as CHCCS district tax does in 2003-04 <br />. Uses certified student membership estimates derived from SAPFO forecasting <br />models <br />. CHCCS district tax proceeds replaced for 2005-06 with countywide funding <br />proceeds; district tax rate at zero <br />. Four year revaluation cycle continues, leading to lower required tax rates in later <br />years <br />^ Estimated Countywide tax rate increase of 17 cents per $100 assessed valuation <br />Estimated Tax Bill Impacts Related to Merger <br />CHCCS district tax assumed at zero as Countywide tax increases by 17 cents per <br />$100 valuation <br />Generally speaking, post-revaluation impacts of merger should be minor on tax bills of <br />properties in the CHCCS district that appreciate around assumed average of 25°~ <br />Examples of net increase in annual tax bills of properties of various taxable values in <br />the OCS district: <br />. $100,000 - $170 <br />. $200,000 - $340 <br />. $300,000 - $510 <br />. $400,000 - $680 <br />Changes in individual property tax bills will be affected by actual changes in property <br />value as of January 1, 2005 revaluation <br />