Bond Tax Impact Statement
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Projected Impact of a $31.8 million dollar Bond Authorization on the Rockville Centre School District Annual Budget and Average Taxpayer
School Year
Existing Budget New Bond
New Projected
Net Increase
Tax Impact On Average Homeowner
Tax lmpact On Average Homeowner
On Budget To Average Homeowner
Tax lmpact On Average Homeowner
* Years in which older bond issues are retired ** Year in which only debt service from the $3 1.8M authorization remains Calculation Notes: Average Homeowner is based on a market value of $707,000 as determined by the Nassau County Department of Assessment for the 200912010 school year Authorization broken into: $20M bond over 30 years @ 4.25% issued in July 201 1 $1 1.8M bond over 20 years @ 4.00 % issued in July 201 3 Bond Anticipation Notes issued in 20 10, 20 11, 20 12 for cash flow purposes $ l . l M in retiring debt service in 20 12 District will receive about 25% state building aid back each year (could be up to 3 1%)
School Year
Existing Budget New Bond
New Projected
Net Increase
Tax Impact On Average Homeowner
Tax lmpact On Average Homeowner
On Budget To Average Homeowner
Tax lmpact On Average Homeowner
* Years in which older bond issues are retired ** Year in which only debt service from the $3 1.8M authorization remains Calculation Notes: Average Homeowner is based on a market value of $707,000 as determined by the Nassau County Department of Assessment for the 200912010 school year Authorization broken into: $20M bond over 30 years @ 4.25% issued in July 201 1 $1 1.8M bond over 20 years @ 4.00 % issued in July 201 3 Bond Anticipation Notes issued in 20 10, 20 11, 20 12 for cash flow purposes $ l . l M in retiring debt service in 20 12 District will receive about 25% state building aid back each year (could be up to 3 1%)
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