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EXPLANATION FOR THE INCREASE IN FY2008 TAXES |
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AMOUNT OF FY2008 LEVY INCREASE |
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INCREASE |
% |
REASON |
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$ 3,436,116 |
56% |
DEBT EXCLUSION (see detailed breakdown below) |
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$ 1,700,000 |
28% |
OVERRIDE USED |
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$ 1,002,245 |
16% |
PROPOSITION 2.5 INCREASE |
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$ 6,138,361 |
100% |
TOTAL |
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FY2008 DEBT EXCLUSION |
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EXCLUSION |
% |
REASON |
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$ 2,232,227 |
65% |
SCHOOL RELATED ADDITIONS/RENOVATIONS |
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$ 975,979 |
28% |
COMMUNITY CENTER REMODELING |
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$ 135,110 |
4% |
NEW HORIZONS LAND ACQUISITION |
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$ 92,800 |
3% |
CONSERVATION LAND ACQUISITION |
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$ 3,436,116 |
100% |
TOTAL |
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Note that only 1.7 of the 2.9 million dollar override approved in 2007 was used. |
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