School buildings-local enhancement maintenance levy.

05LSO-0088.C1

                                                         

FISCAL NOTE

 

	FY 2006	FY 2007	FY 2008
NON-ADMINISTRATIVE IMPACT
Anticipated Expenditure Increase:
SCHOOL CAP CON ACCOUNT	0	5,800,785	5,800,785

 

Source of expenditure increase:

 

Power equalization payments school districts.

 

 

Assumptions:

 

The above estimates are based on ADM of school year 2004 and assessed valuations of August 2004.

 

The expenditure increase in the table above is the maximum amount that could be paid out, assuming all eligible districts have the board-approved mill and the voter approved mill levied.

 

The first opportunity for ballot approval is August 16, 2005, which would apply to assessed valuations of 2006.

 

Please see the attached spreadsheet.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prepared by:   Mary Byrnes, LSO   Phone:   777-7881