FY 06-07 Budget Increase

FY 06-07 Tax Rate

Approximate impact on tax rates from new liabilities:

FY 07-08 (or FY 08-09) – Projected Budget Increases

FY 07-08 (or FY 08-09) – Projected Tax Rates

Retiree Health Care Liability (30 years)

$15 million +

34%

$1.45 million

3.25%

Road Bond (20 years)

$1 million

2.2%

(Daily News – 6/3/06)

School Bond (3 schools - 20 years)

$3 - 4 million

9%

Annual "Mandated" Increase

$1.65 million

3.7%

Total

$21.65 million (approx.)

49%