Row 1
Expenditures
(Total Budget)

All expenditures in the general fund including instruction, guidance, psychological services, administration, building maintenance, student transportation, etc

FY 11 proposal represents a decrease of $305,010 from FY10 approved budget (8.5% decrease)

Row 2
General Revenue

Expenditures in Row 1 (above) covered by general revenues received
for tuition, special education reimbursements, transportation aid, etc,
that do not need to be covered by raising property taxes

FY11 proposal represents a decrease of $204,511 from FY10 approved budget (22.0% decrease)

Row 3
Education Spending

Subtract general revenue expenditures (row 2) from total budget expenditures (row 1) to get the expenditures for which property taxes need to be raised.

FY11 proposal represents a decrease of $100,499 from FY10 approved budget ( 3.8% decrease)

Row 4
Equalized Pupils

A mathematically created student count that begins with the actual student count in a school district, then applies various weights to compensate (equalize) for the additional cost of educating various categories of students (secondary, low income, English language learners, etc)

FY11 proposal represents a decrease of 2.47 equalized pupils from FY10 approved budget (1.2% decrease)

Row 5
Ed Spending per Eq Pupil

Divide education spending (row 3) by equalized pupils (row 4).
This is commonly used to compare per pupil spending between school districts, and in the same district from one year to the next.

FY 11 proposal represents a decrease of $342.95 from FY10 approved budget (decrease of 2.6%)

Base Education Amount

State legislature fixed this amount for FY11 in the 2009 legislative session

FY11 amount is the same as in FY10

Row 6
District Spending Adjustment

Divide the district's ed spending per eq pupil (row 5) by the base education amount - this is a measure of the district's spending in relation to a common state-wide base spending amount

FY11 proposal represents a decrease of 4.014 from FY10 approved budget (2.6% decrease)

Base Tax Rate

State tax commissioner makes a recommendation on December 1 each year, based on the financial status of the state's Education Fund

FY11 base tax rate represents an increase of 2 cents per $100 of homestead value over FY10 rate

Row 7
Equalized Homestead
Tax Rate

Multiply district spending adjustment (row 6) by base tax rate,
to compensate (equalize) for a district's education spending relative to other districts in the state

FY11 rate represents a decrease of 0.45 cents per $100 of homestead value from FY10 rate (0.34% decrease))

Row 8
Common Level of Appraisal (CLA)

This figure relates the appraised value of properties in Cabot with their actual selling price.

This year's CLA is up 1.17 points from last year's, a 1.2% increase overall

Row 9
Actual Homestead
Tax Rate

Divide equalized homestead tax rate (row 7) by CLA (row 8), to compensate for a district's property valuation "up-to-dateness" relative to other districts in the state

FY11 rate represents a decrease of 2.2 cents per $100 of homestead value over FY10 rate (1.6% decrease)

Special Revenue Funds (Title I, IDEA-B, Substance Abuse Program, etc) are not included in the tax impact worksheet bcause they have no impact on the tax rate.

Revenues in the Special Revenue Funds equal expenditures in those Funds, and canot be used to pay for any expenditures in the General Revenue Fund. are not included in the tax impact worksheet bcause they have no impact on the tax rate.