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IMPACT OF ONE CENT TAX INCREASE
<br /> CALCULATION OF $5.0 MILLION PDR PROGRAM COST
<br /> FINANCING WITH BONDS SALES OF $ 15 MILLION PER ANNUM FOR FIRST TWO YEARS AND $2.0 MILLION THE LAST
<br /> AND PAY-AS-YOU-GO FUNDS
<br /> Assessed Tax Rate Surplus for Annual
<br /> Valuation Increase for Pay-As New Home Cost to New
<br /> Annual Annual Annual Growth Debt Service Overall Revenue You-Go Appreciation Home of
<br /> Fiscal Principal Interest Debt Service @ 2.5% Payment Tax Rate from after @ 2.5% $.01 PDR
<br /> Year Balance Payment Payment Payment Per Annum Only Impact $.01 Tax Debt Service Per Annum Program
<br /> 93-94 N/A N/A N/A N/A $4,408,709,951 N/A $0.83600 N/A N/A $170,000 N/A
<br /> 94-95 $1,500,000 $75000 $97,500 $172,500 $4,518,927,700 $0.00390 $0.83990 $451,893 $279,393 $174,250 $17.43
<br /> 95-96 $2,925,000 $150,000 $190,125 $340,125 $4,631,900,892 $0.00749 $0.84349 $463,190 $123,065 $178,606 $17.86
<br /> 96-97 $4,775,000 $250,000 $310,375 $560,375 $4,747,698,415 $0.01204 $0.84804 $474,770 ($85,605) $183,071 $1831
<br /> 97-98 $4,525,000 $250,000 $294,125 $544,125 $4,866,390,875 $0.01141 $0.84741 $486,639 ($57,486) $187,648 $18.76
<br /> 98-99 $4,275,000 $250,000 $277,875 $527,875 $4,988,050,647 $0.01080 $0.84680 $498,805 ($29,070) $192,339 $19.23
<br /> 99-00 $4,025,000 $250,000 $261,625 $511,625 $5,112,751,913 $0.01021 $0.84621 $511,275 ($350) $197,148 $19.71
<br /> 00-01 $3,775,000 $250,000 $245,375 $495,375 $5,240,570,711 $0.00965 $0.84565 $524,057 $28,682 $202,077 $2021
<br /> 01-02 $3,525,000 $250,000 $229,125 $479,125 $5,371,584,979 $0.00910 $0.84510 $537,158 $58,033 $207,128 $20.71
<br /> 02-03 $3,275,000. $250,000 $212,875 $462,875 $5,505,874,603 $0.00858 $0.84458 $550,587 $87,712 $212,307 $2123
<br /> 03-04 $3,025,000 $250,000 $196,625 $446,625 $5,643,521,468 $0.00808 $0.84408 $564,352 $117,727 $217,614 $21.76
<br /> 04-05 $2,775,000 $250,000 $180,375 $430,375 $5,784,609,505 $0.00759 $0.84359 $578,461 $148,086 $223,055 $2231
<br /> 05-06 $2,525,000 $250,000 $164,125 $414,125 $5,929,224,742 $0.00713 $0.84313 $592,922 $178,797 $228,631 $22.86
<br /> 06-07 $2,275,000 $250,000 $147,875 $397,875 $6,077,455,361 $0.00668 $0.84268 $607,746 $209,871 $234,347 $23.43
<br /> 07-08 $2,025,000 $250,000 $131,625 $381,625 $6,229,391,745 $0.00625 $0.84225 $622,939 $241,314 $240,206 $24.02
<br /> 08-09 $1,775,000 $250,000 $115,375 $365,375 $6,385,126,539 $0.00584 $0.84184 $638,513 $273,138 $246,211 $24.62
<br /> 09-10 $1,525,000 $250,000 $99,125 $349,125 $6,544,754,702 $0.00544 $0.84144 $654,475 $305,350 $252,366 $2524
<br /> 10-11 $1,275,000 $250,000 $63,375 $313,375 $6,708,373,570 $0.00477 $0..84077 $670,837 $357,462 $258,675 $25.87
<br /> 11-12 $1,025,000 $250,000 $66,625 $316,625 $6,876,082,909 $0.00470 $0.84070 $687,608 $370,983 $265,142 $26.51
<br /> 12-13 $775,000 $250,000 $40,625 $290,625 $7,Q47,984,982 $0.00421 $0.84021 $704,798 $414,173 $271,771 $27.18
<br /> 13-14 $525,000 $250,000 $34,125 $284,125 $7,224,184,606 $0.00401 $0.84001 $722,418 $438,293 $278,565 $27.86
<br /> 14-15 $275,000 $175,000 $17,875 $192,875 $7,404,789,221 $0.00266 $0.83866 $740,479 $547,604 $285,529 $2855
<br /> 15-16 $100,000 $100,000 $6,500 $106,500 $7,589,908,952 $0.00143 $0.83743 $758,991 $652,491 $292,667 $2927
<br /> 16-17 $0 $0 $0 $0 $7,779,656,676 $0.00000 $0.83600 $777,966 $777,966 $299,984 $30.00
<br /> 17-18 $0 $0 $0 $0 $7,974,148,093 $0.00000 $0.83600 $797,415 $797,415 $307,483 $30.75
<br /> Totals $5,000,000 $3,383,250 $8,383,250 N/A N/A N/A N/A $6,235,046 N/A $563.68
<br /> Averages $208,333_ $140,969_ $349,302 $6,274,653,073 $0.00633 $0.87717 $609,096 $259,794 $241,951 $23.49
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