| Tax Rate Analysis - 2004 Bond Program | |||||
|---|---|---|---|---|---|
| 2004-2005 | 2005-2006 | 2006-2007 | 2007-2008 | 2008-2009 | |
| Rate Projected During Bond Election[0][1] | 1.7625 | 1.8045 | 1.6745 | 1.3635 | 1.3740 |
| Revised Projection[1] | 1.7625 | 1.7750 | 1.5925 | 1.2700 | 1.2775 |
| Difference Between Original and Revised Projection | 0.0000 | (0.0295) | (0.0820) | (0.0935) | (0.0965) |
| [0]The table shows the total tax rate. The operating portion (M&O) of the tax rate is $1.50 for all years shown. The remainder of the tax rate is the part impacted by the bond program. It is called the Interest and Sinking (I&S) Fund rate or the debt service rate. [1]Rates are adjusted to reflect a $0.17 descrease in the 2006 M&O rate and $0.50 decrease in the 2007 M&O rate as mandated by House Bill 1. | |||||