VATRE INFORMATION
Days Until Election
M&O Tax Rate Compression
* 25-26 M&O – $0.6669; 26-27 M&O-$0.6519 ($0.6819 with VATRE)
* M&O tax rate compressed $0.015 from 25-26 to 26-27
* Proposed VATRE would recapture the $0.015 and add an additional $0.015
Increase in local tax collections of approximately $270,000
* Applying the Tier II state funding formula, state revenue generated would be around $330,000
* Total projected revenue from the VATRE would be approximately $600,000.
Once these three pennies are adopted, they will provide additional revenue each fiscal year.
Current plan is to apply approximately $400,000 to salaries, with the largest amount going to increasing salaries for support personnel.
The M&O tax increase on a $100,000 home is approximately $53.40 over last year.
Compresión de la tasa impositiva de M&O
* 25-26 M&O – $0.6669; 26-27 M&O-$0.6519 ($0.6819 con VATRE)
* La tasa impositiva de M&O se comprimió $0.015 de 25-26 a 26-27
* El VATRE propuesto recuperaría los $0.015 y añadiría $0.015 adicionales
Aumento en la recaudación de impuestos locales de aproximadamente $270,000
* Al aplicar la fórmula de financiamiento estatal de Nivel II, los ingresos estatales generados serían de alrededor de $330,000
* Los ingresos totales proyectados del VATRE serían de aproximadamente $600,000.
Una vez que se adopten estos tres centavos, proporcionarán ingresos adicionales cada año fiscal.
El plan actual es destinar aproximadamente $400,000 a los salarios, y la mayor cantidad se destinará a aumentar los salarios del personal de apoyo.
El aumento del impuesto de M&O sobre una vivienda de $100,000 es de aproximadamente $53.40 con respecto al año pasado.
Clink on the Facilty Planning Committee Website Above to access notes from previous meetings and slide presentations.