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7 <br /> Article 46 Sales Tax 4.5%Reduction in FY2020-21; Growth Rebounds to 4% <br /> Annually in Future Years <br /> Older School Improvements FY2020-21 Last Year of a Five Year Commitment <br /> Debt Financed School Improvements 2%Annual Growth <br /> Lottery Proceeds $1,402,354 Annually <br /> Recurring Capital $3,000,000 Annually <br /> $3,000,000 Using Bond Premium in FY2019-20 and FY2020- <br /> Deferred Maintenance -Bond Premium 21 <br /> Future Bond Premium Uncertain—Eliminated in FY2021-22 <br /> and Future Years <br /> Supplemental Deferred Maintenance $30 million over three (3)years. Annual Expenditures Based <br /> on Draw Down Schedule from Schools <br /> General Obligation Bond Last Draw on 2016 General Obligation Bond in FY2021-22 <br /> 1 <br /> 2 FY2020-21 Recommended CIP Funding by Funding Source <br /> 3 <br /> Older School Improvements $ 601,400 $ 398,600 $ 1,000,000 <br /> Debt Financed School Improvements $ 2,461,154 $1,631,221 $ 4,092,375 <br /> Lottery Proceeds $ 843,376 $ 558,978 $ 1,402,354 <br /> Recurring Capital $ 1,804,200 $1,195,800 $ 3,000,000 <br /> Deferred Maintenance -Bond Premium $ 1,804,200 $1,195,800 S 3,000,000 <br /> Supplemental Deferred Maintenance $ 1,800,000 $4,150,000 S 5,950,000 <br />