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7 <br /> <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 />Deferred Maintenance - Bond Premium <br />$3,000,000 Using Bond Premium in FY2019-20 and FY2020- <br />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 /> <br />FY2020-21 Recommended CIP Funding by Funding Source <br /> <br />Article 46 Sales Tax $ 1,168,270 $ 774,314 $ 1,942,584 <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 $ 3,000,000 <br />Supplemental Deferred Maintenance $ 1,800,000 $4,150,000 $ 5,950,000