Huntington Town School District Tax Summary FY 19 Three

Budget FY Budget FY 18 19

$ Change

% Change

A

K-4 Expenditures

2,334,689

2,342,733

8,044

0.34%

C

Total K-12 Expenditures (A + B)

2,334,689

2,342,733

8,044

0.34%

D

Less Revenue (e.g. Categorical Grants, Special Ed)

457,259

454,876

-2,383

-0.52%

E

Education Spending (C - D)

1,877,430

1,887,857

10,427

0.56%

F

Equalized Pupils (K-4) Adjustments Equalized Pupils (PreK-4) MMUSD EP

G

Spending Per Eq Pupil (E / F)

121.06

117.50

(3.56)

121.06 195.31 316.37

117.50 193.77 311.27

(3.56) (1.54) (5.10)

-2.94% -0.79% -1.61%

559

3.60%

15,508.26

16,066.87

37.75% 62.25%

Approved Capital Construction Approved Extraordinary Per Eq Pupil Approved Capital Construction Per Eq Pupil Total Exclusions Ed Spending Less Cap Construction Per Eq Pupil Excess Spending Threshold Excess Spending Adjusted Education Spending Per Eq Pupil

63,331 6.64 523.13

119,392 28.36 1,016.10

529.77

1,044.47

14,978 17,816 -2,838 15,508

15,022 17,386 -2,364 16,067

-430 474 559

-2.41% -16.70% 3.60%

H

Base Education Payment

10,160

9,842

-318

-3.13%

I

Spending Adjustment (G / H)

152.64%

163.25%

0.1061

6.95%

J

Statewide Education Tax Rate

1.000

$0.00

0.00%

K

Equalized Homestead Tax Rate (I x J) Equalized Homestead Tax Rate - MMUSD

$1.5264 $1.4592

$1.6325 $1.5470

$0.11 $0.09

6.95% 6.02% Includes incentive

Prorated Homestead Tax Rate - Huntington Prorated Homestead Tax Rate - MMUSD Composite Equalized Tax Rate

$0.5841 $0.9052 $1.4893

$0.6162 $0.9630 $1.5793

$0.03 $0.06 $0.090

5.51% 6.39% 6.04%

L

Common Level of Appraisal (CLA)

99.84%

99.84%

0.0000

0.00%

M

Estimated Homestead Tax Rate (K / L)

$1.4917

$1.5818

$0.090

6.04%

N

Statewide Non-Residential Tax Rate

$1.535

$1.629

$0.09

6.12%

O

Estimated Non-Residential Tax Rate (N / L)

$1.5375

$1.6316

$0.09

6.12%

3.06%

2.71%

Income Yield %

$

1.000

$

Inc per 100K $90.12

1.3% drop in budget = 1 cent on property tax