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SUBJECT: 2022 YEAR-END EXPENDITURES AND 2024-2032 PROJECTIONS <br />DATE: OCTOBER 12, 2022 PAGE 4 OF 8 <br />The District has received its preliminary 2022 assessed valuation amounts from the <br />Boulder County Assessor. These preliminary amounts result in an 8% reduction in the <br />incremental assessed valuation for the District. <br />For the 2024-2032 projections, staff assumed an average annual growth rate of <br />approximately 2% for the gross assessed valuation and approximately 1 % for the base <br />assessed valuation. Staff considers these the "organic" growth rates, continuing a <br />methodology used by the District for previous projections. Staff has not used any specific <br />project increases. <br />The District's overlapping mill levy has increased an average of approximately 1 % per <br />year over the past five years. For the 2024-2032 projections, staff assumed an average <br />annual growth rate in the overlapping levy of approximately 0.25% per year. <br />The results of all these assumptions are represented in the following two charts. <br />a0,W0.0W <br />35.006.060 <br />36.Off[}.000 <br />15.006,000 <br />10,0pA 0 <br />15.000,400 <br />10.0pO,D00 <br />5.000,0W <br />Incremental Assessed Valuation & Overlapping Levy fhu I auv vaarl <br />OO1 O" 60 4ti� O1� OS� 5� O1" 4ti� O11 Otis O� 614 tit O� 0�3 61, �1, 4�� S <br />ti � v ti ti ti�� w ti ti� ti ti �° �. ti ti '$ �. ti <br />.Incremental Assessed Valuation Overlapping Mil Levy <br />II <br />Agenda Packet P. 12 <br />