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  • School Board Ad Valorem Predictions From 2005

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    Keri Lewis
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    This document shows why Brevard Schools are in so much trouble in regards to the amount of debt they took on for capital projects over the course of the last six years. Who could have known property tax revenues would not continue to increase by 12% in 2006 & 2007, 10% in 2008 and 9% through 2009-2010? That would mean the value of a home in Brevard would increase by 63% in five years - and this would be following the dramatic increase already seen from 2001-2005!

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    School Board Ad Valorem Predictions from 2005

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    This document shows why Brevard Schools are in so much trouble in regards to the amount of debt they took on for capital projects over the course of the last six years. Who could have known property tax revenues would not continue to increase by 12% in 2006 & 2007, 10% in 2008 and 9% through 2009-2010? That would mean the value of a home in Brevard would increase by 63% in five years - and this would be following the dramatic increase already seen from 2001-2005!

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Scarica in formato PDF, TXT o leggi online su Scribd
    Segnala contenuti inappropriati
    21 visualizzazioni1 pagina

    School Board Ad Valorem Predictions From 2005

    Caricato da

    Keri Lewis
    This document shows why Brevard Schools are in so much trouble in regards to the amount of debt they took on for capital projects over the course of the last six years. Who could have known property tax revenues would not continue to increase by 12% in 2006 & 2007, 10% in 2008 and 9% through 2009-2010? That would mean the value of a home in Brevard would increase by 63% in five years - and this would be following the dramatic increase already seen from 2001-2005!

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Scarica in formato PDF, TXT o leggi online su Scribd
    Segnala contenuti inappropriati
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    Board Workshop - February 28, 2005 Highlights & Assumptions of Proposed Funding Plan Revenues & Other Sources

    1) 2) 3) 4) 5) Property tax increase is 12% in FY2006 & 2007, 10% in FY2008 and 9% in FY2009 & 2010 Impact fee at $24M per year PECO - New Construction & Maintenance projected based on a five year historical average Classrooms for Kids not included $1,000,000 in COP debt service capacity = approximately $15,000,000 in COP proceeds Based on 25 year certificates at 5.25 coupon (including cost of issuance)

    Expenditures & Other Uses 1) Assumes maximum debt service level does not exceed one mill 2) On-going capital projects remain constant over time A) Includes maintenance charge-back (Project "F"), bus replacements, portables, district-wide equipment, educational technology equipment, concession stands & other projects district-wide B) Includes a decrease of $1M per year of maintenance charge-back beginning in FY 2006 Health & Safety, HVAC & Major Maintenance, Portables and Minor remodel & renovation

    4) Facility Renewal (80 Schools) consists of:

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