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Public Finance Considerations <br /> • Property tax proposed to finance capital construction. <br /> • A $28 million project would amount to an annual increase of <br /> $123 on a $500,000 home, based on 2.50% interest rate for a <br /> 20-year bond. <br /> • Annual operations and maintenance costs estimated at <br /> $500,000 would be financed through a voter-approved sales tax <br /> of approximately 20 cents on every $100 spent. <br /> • The following schedule is an estimate of the additional property <br /> and sales taxes required to pay back various size debt <br /> issuances. The amounts will actually depend on interest rates, <br /> bond ratings, property valuations, etc. <br /> Public Finance Considerations <br /> Debt Approx. Sales Tax Sales Tax on Mill Levy to Annual <br /> Amount Annual Debt Rate to Pay $100 Pay Back Property <br /> Service Back Debt Debt Tax <br /> Increase on <br /> $500,000 <br /> Residence <br /> $30 million $1,924,000 .673% .67 3.32 $132.03 <br /> 12 <br />