| 1997 Equalized Valuation | % | 1997-98 Resident ADM |
% | Averaged % | Equalized Valuation Per Pupil |
|
|---|---|---|---|---|---|---|
| Durham | $366,482,480 | 60.60% | 950.0 | 44.02% | 52.31% | $416,790 |
| Lee | $171,039,485 | 28.28% | 873.7 | 40.49% | 34.38% | $212,696 |
| Madbury | $67,261,249 | 11.12% | 334.3 | 15.49% | 13.31% | $214,334 |
| Totals: | $604,783,214 | 100.00% | 2,158.0 | 100.00% | 100.00% | na |
The estimated amount of money to be raised by property taxes for the proposed budget is $19,809,110. 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.
| 1999-00 Actual Apportionment Percentage | 1999-00 Actual Appropriation $ |
|
|---|---|---|
| Durham | 52.31% | 9,318,523 |
| Lee | 34.38% | 6,121,597 |
| Madbury | 13.31% | 2,368,990 |
| Totals: | 100.00% | $17,809,110 |
| Estimated 1999-2000 Apportionment Percentage | 2000-01 Estimated Costs | Estimated Dollar Increase | Percentage Increase |
|
|---|---|---|---|---|
| Durham | 55.31% | 10,119,955 | 801,432 | 8.60% |
| Lee | 34.38% | 6,651,967 | 530,370 | 8.66% |
| Madbury | 13.31% | 2,574,277 | 205,287 | 8.67% |
| Totals: | 100.00% | $19,346,199 | 1,537,089 |
| Estimated Tax Rate Impact | Durham | $2.29 |
|---|---|---|
| Lee | $2.57 | |
| Madbury | $2.85 |
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Last update on 24-Feb-00 at 7:56 PM.
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This page is edited by David K. Taylor. Please send questions or comments to editor@orol.org.