1998 ORCSD 44th Annual Report
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1997-98 BUDGET APPORTIONMENT

(1997 tax levy)

1995
Equalized
Valuation		%1995-96
Resident
ADM		%Averaged
%		1996
Equalized
Valuation
Per Pupil
Durham $338,778,752 59.67% 884.1 43.54% 51.61% $387,790
Lee $163,787,105 28.85% 825.7 40.67% 34.76% $198,749
Madbury $65,191,532 11.48% 320.6 15.79% 13.63% $209,544
Totals: $567,757,389 100.00% 2,030.4 100.00% 100.00% na

1998-99 ESTIMATE OF APPROPRIATIONS
FOR SCHOOLS

The estimated amount of money to be raised by property taxes for the proposed budget is $16,317,552. The percentage of this amount to be raised by each of the pre-existing districts is based upon Formula II of the cooperative district law; i.e., 50% equalized valuation and 50% average daily membership of the students residing in the three communities.
1997-98 Actual
Apportionment
Percentage		 1997-98
Actual
Appropriation
Durham 52.38% 7,822,804
Lee 34.28% 5,118,225
Madbury 13.34% 1,990,883
Totals: 100.00% $14,931,912
Proposed Budget
Estimated 1998-99
Apportionment
Percentage		 1998-99
Estimated
Costs		 Dollar
Increase		 Estimated
Percentage
Increase
Durham 51.61% 8,421,489 598,685 7.66%
Lee 34.76% 5,671,981 553,756 10.82%
Madbury 13.63% 2,224,082 233,199 12.72%
Totals: 100.00% $16,317,552 1,385,640
Estimated
Tax Rate
Impact		 Durham $1.76
Lee $1.88
Madbury $2.27

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Last update on 29-Mar-99 at 10:23 PM.

http://www.orol.org/district/elections/1998/report/tax.html

This page is edited by David K. Taylor. Please send questions or comments to editor@orol.org.