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Grand Total of Potential Cuts 2,045,224 <br />District Tax <br />3% increase in the district tax base = $419,194 <br />8% increase in costs associated with the district tax = $1,117,850 <br />Difference $698,656 <br />Equivalent to .92 cents on the district tax rate <br />CAPITAL INVESTMENT PLAN 2006-16 <br />Overall support for existing facilities is declining (graph) <br />SAPFO and CAPS -the need far facilities is clear (chart) <br />- The denial of CAPS based on elementary growth could begin next school year <br />and would continue for three years <br />- This chart assumes no spikes in elementary growth, any further increases in <br />elementary growth will only shorten the time frame <br />Elementary #10 -Reductions have been made! <br />- Reductions in square footage <br />- Reductions in furniture and equipment <br />- Reductions in professional fees <br />- Reduction in contingency <br />- Reduction in technology <br />- $9,302,023 short <br />- Growing $1,100,000 every year <br />- Can it be open in 2008? <br />Unfunded Projects -Building projects now will save money <br />- Funding for Elementary #10 is presently at $12.8 million, a shortfall of over $9 <br />million. Inflation for every year the school is delayed could increase costs over <br />$1.1 million per year. <br />- No other projects are presently funded, elementary #11 or middle school #5. <br />Those schools will be needed sooner rather than later. <br />Superintendent Pedersen thanked John Link and Rod Visser for going through <br />this budget process for the last time. He said that they do not ever get all that they ask <br />for, but they are always treated respectfully and in a professional manner. <br />-CHCCS and County Dialogue <br />Chair Jacobs said that the Board would be working on a letter to the Chair of the <br />CHCCS Board responding to the concerns about when Elementary #10 could be built. <br />This is why he handed out the debt service information. <br />Commissioner Gordon asked about denying CAPS and Steve Scroggs said that <br />if the growth continues at the current rate, they would on November 15, 2007 start <br />denying CAPS. <br />