Jim Standaert May 5 2014 4430620 jestandaertyahoocom T 1 Outline 2 Very Rough Map of Current Helena HS and E Helena Elementary 3 Taxable Value Helena HS Helena Elem amp E Helena Elem 1994 2014 ID: 572976
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Taxpayer Impact of Creation of a New High School and K-12 District in East Helena.Jim StandaertMay 5, 2014443-0620 - jestandaert@yahoo.com
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Outline2Slide3
Very Rough Map of Current Helena HS and E. Helena Elementary3Slide4
Taxable Value Helena HS, Helena Elem & E. Helena Elem 1994 - 20144Slide5
Assumptions5Slide6
District General Fund Budgets – FY 2014 – Lowest Taxpayer Impact
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Create New East Helena High School – Mill Change Summary
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District General Fund Budgets – FY 2014 - Highest Taxpayer Impact (without a Vote)
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Create New East Helena High School – Mill Change Summary –Highest Taxpayer Impact (without a vote)
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State Fiscal Impact of Creation of New E. Helena K-12 District 10Slide11
Why do State Costs go up in the Long Run11
East Helena HS will receive a new Basic Entitlement that is greater than the reduction in the basic entitlement that Helena HS will experience ($290,000 for E. Helena HS vs loss of $84,000 for Helena HS). The state’s share will increase commensurately.
The per-ANB entitlement for East Helena HS is larger than it is for Helena HS, because the decrement for East Helena HS is smaller than for Helena HS.
Each Helena student
not counted
would have given Helena HS $6,155 per ANB in budget authority in FY 2014. The average student in the new East Helena High school will receive $6,290 per ANB in budget authority, an increase of $135 per ANB. The state’s share will increase commensurately.
East Helena’s taxable value per student is lower than it is for Helena HS. Therefore state GTB per student will be higher for East Helena HS than it is for Helena HSSlide12
Debt Service Guaranteed Tax Base Aid 12Slide13
Debt Service Guaranteed Tax Base Aid 13Slide14
Bonded Indebtedness Capacity 14