Complete Financial Outlook--Propositions A & B

Back to Capital Project Homepage

The chart below outlines all of the expenses and revenues associated with the bonding of the capital project for both propositions A & B combined. It also includes similar revenues and costs from prior capital projects and the schedule of when they will fall off our books. The last column provides the estimated percentage of the tax levy increases and decreases over the life of the bond (15 years) and is based upon the 2018-2019 tax levy.

Fiscal Y/E (6/30)  

Outstanding
Balance Due

  Principal
Payments
(6/15)
  Est. Interest
Payments
3.50%
  Total New Debt Service
Costs
  Est. Building Aid (New revenue)   Existing Debt Service
Costs
  Existing Debt Service Costs Falling Off    Est. Building Aid (Existing revenue)   Projected Total Tax Effort   Incr. (Decr.) From
Prior Year
2019                       $3,981,290       $1,775,186   $2,206,104    
2020   389,141   389,141   8,756   397,897   0   3,010,269   971,021   1,201,048   2,207,117   0.05%
2021   14,500,000   470,000   326,250   796,250   0   3,011,796   1,527   1,201,048   2,606,998   18.12%
2022   26,690,000   1,180,000   600,525   1,780,525   769,933   2,912,617   99,179   1,196,779   2,726,430   4.58%
2023   25,510,000   1,320,000   892,850   2,212,850   1,159,008   2,923,475   10,858   1,192,511   2,784,806   2.14%
2024   24,190,000   1,370,000   846,650   2,216,650   1,159,008   2,942,809   19,334   1,192,511   2,807,940   0.83%
2025   22,820,000   1,415,000   798,700   2,213,700   1,159,008   2,968,514   25,705   1,192,511   2,830,694   0.81%
2026   21,405,000   1,465,000   749,175   2,214,175   1,159,008   2,979,450   10,936   1,187,549   2,847,068   0.58%
2027   19,940,000   1,515,000   697,900   2,212,900   1,159,008   1,746,788   1,232,662   840,140   1,960,539   -31.14%
2028   18,425,000   1,570,000   644,875   2,214,875   1,159,008   438,463   1,308,325   165,702   1,328,627   -32.23%
2029   16,855,000   1,625,000   589,925   2,214,925   1,159,008   436,463   2,000       1,492,379   12.32%
2030   15,230,000   1,680,000   533,050   2,213,050   1,159,008   433,650   2,813       1,487,692   -0.31%
2031   13,550,000   1,740,000   474,250   2,214,250   1,159,008       433,650       1,055,242   -29.07%
2032   11,810,000   1,800,000   413,350   2,213,350   1,159,008               1,054,342   -0.09%
2033   10,10,00   1,865,000   350,350   2,215,350   1,159,008               1,056,342   0.19%
2034   8,145,000   1,930,000   285,075   2,215,075   1,159,008               1,056,067   -0.03%
2035   6,215,000   2,000,000   217,525   2,217,525   1,159,008               1,058,517   0.23%
2036   4,215,000   2,075,000   147,525   2,222,525   1,159,008               1,063,517   0.47%