Live ,Life Lincoln - Live Life Lincoln. Live . Life Lincoln . Live.Life - Lincoln Live Life Lincoln  MINUTES  CITY OF LINCOLN CITY COUNCIL & LINCOLN REDEVELOPMENT SUCCESSOR AGENCY SPECIAL MEETING MINUTES Council Work Session January 5, 2018  4:00PM - 6:00PM -First Floor Conference Room Mayor Nader called the meeting to order at 4:04PM.  1. ROLL CALL  Councilmembers present: Peter Gilbert  Paul Joiner Dan Karleskint Stan Nader  Mayor:  Councilmembers absent: Gabriel Hydrick  Staff members present:  Matt Brower, City Manager Kristine Mollenkopf, City Attorney Steve Ambrose, Support Services Director Jennifer Hanson, Public Services Director Ray Leftwich, City Engineer Gwen Scanlon, City Clerk Matt Wheeler, Community Development Director  Various City employees, consultants and members of the public were also present. 2. FLAG SALUTE led by Matt Wheeler, Community Development Director  3. PUBLIC COMMENT - none 4. STAFF REPORT - staff report  4.A.CFD Formation Presentation & Discussion (Item continued from 01/02/2018 work. session meeting for further discussion) Following a presentation and discussion of the subject matter, staff isr requesting that City Council provide general direction for the maintenance Community Facility District (CFD) for the following elements: 1)establishing. landscaping standards, 2) capital replacement funding options, 3) street maintenance funding, 4) annual maximum tax escalator, and 5) approach to CFD tax with a phased development. Based upon direction and guidance provided by Council, staff will Matt Brower, City Manager, suggested at the completion oft the CFD discussion two Councilmembers be identified to meet with Staff and the Building Industry Association (BIA) to bring back an action item tot the full Council. Councilmembers Gilbert, Joiner and Karleskint volunteered and Mayor Nader selected Councilman Gilbert and Joiner to be involved in future BIA and Staff meetings and Councilman Karleskint will be the alternate. A brief recap of the discussion that occurred during the. January 2, 2018 Steve Ambrose, Support Services Director; Jennifer Hanson, Public Services Director; Ray Leftwich, City Engineer; and Ed Espinoza, the City's Lighting & Landscaping (L&L) consultant from Francisco & Associates provided a staff report, answered City Council questions and provided an updated powerpoint including sheet 19A and excel spreadsheet, made a part of these minutes by mention thereof. A lengthy City Council discussion ensued regarding pavement costs, inflationary factors, staying competitive with adjoining jurisdictions, how phased development impacts the CFD and options available to City Council. Mayor Nader opened the discussion to the public at 4:52PM with the a) Marcus Lo Duca, BIA member and Roseville Attorney who represents Lincoln Developers, stated Lincoln's infrastructure costs far exceed surrounding jurisdictions and argued against a city-wide maintenance CFD as no one else ini the regions has this type of CFD. Mr. Lo Duca suggested the consumer price index be utilized as the inflationary factor and that if the City utilized the numbers included ini the spreadsheet that it would halt development as the market  prepare a Resolution for action by Council at a later date.  work session meeting was presented.  following comments:  cannot bear this type of burden.  600 Sixth Street L Lincoln, CA 95648 www.cllincoln.ca.us 916-434-2400    Live . Life . Lincoln Live Life. Lincoln Live Life.Lincoln LiveLife Lincoin IV  Page 2 of2  City Council & Lincoln Redevelopment Successor Agency  January 5,2 2018 Work Session Meeting (continued from. January 2, 2017 meeting) Mayor Nader closed the public discussion at 5:04PM. 5. COUNCIL INITIATED BUSINESS  Councilman Joiner stated he had been contacted by Mike Holmes, Placer County Visitors' Bureau, to see ift there was any interest in the County hosting a delegation from China and requested received  consensus from City Council to bring this item back on a future meeting. 6. ADJOURNMENT adjourned by Mayor Nader at 5:24PM.  dwen &ah Submitted by Gwen Scanlon, City Clerk  600. Sixth Street - Lincoln, CA 95648 www.c.lincoln.ca.us 916-434-2400    DISCUSSIONREGARDING  COMMUNITY FACLITIES DISTRICTS (CFD)  GATEWA  CITY OF LINCOLI  ANUARY2,2018    Discussion Topics Regarding CFDS  Overvitewo/Communiy Facilities Districts  Update on Meetings with BIA and Developers  Establishing City Landscape Standards  Capital Replacement Funding Options  Street Maintenance Costs  Annual Maximum Tax Escalator  Impacts of Phased Development    Overview of Community Facilities Districts  Community Facilities District (CFD) is also known as a Mello-Roos Distr which is formed underthe Mello-Roos Community Facilities Act of 1982  CFDs are formed to provide a tinancing mechanism for the construction of publicimprovements and providing services. CFDslevy an annual tax on parcels  to fund these improvements and services.  The City is proposing to form two CFDS that will affect all: new development:  Public Safety CFD - Will fund Police and Fire services accounting for increased  and the addiriomaldemanderatedbynewresidems  Citywide Maintenance CFD - Will fund the ongoing operation & maintenance of public improvements, such as Parks, Public Landscaping & Open Space, Street Lighting, Street Maintenance, and Flood Control & Storm Protection Services, etc.  2    Public Safety CFD  Previous developments have paid supplemental taxes with the issuance of build permits, which are typically one-time payments. The funds received by the City were invested and the proceeds from the investments are included as General Fundoperating  revenue each fiscal year.  In 2010, the City formed CFD No. 2010-1 for police and fire services. The boundary map for the CFD included the 180 residentialunits in the Lincoln Highlands sproject.  Although the City could require future developments to annexinto CFD No. 2010-1, the public safety operating expenditures have increased significantly since 2010 and the City is in the processofforming a newpublicsafety CFD using current costs.  The proposed Public Safety CFD assumes a level of service based on an average of five cities in the region; Roseville, Rocklin, Folsom, Woodland and Yuba City. The level of service for Police sworn officers is 1.03 per 1,000 residents and for Firefighters it is.77  perl,000residents    Citywide Maintenance CFD  The improvements that are proposed to be maintained under this CFD are broken do  into two magprcategoriesasshown below.  Citywide Improvements  Arterial/MajprRoadsPad(Publiclmdxaping StreetLighting, Traffic Signals)  Community Parks Citywide RegionalParks  Flood/Controland Stormwater Quality Facility (LakeviewFarms)  OpenSpace/Irai. lareas  Neghhthogtorinmst Improvements  Local Flood Control land Stormwater Quality Facilities  NeighborhoodParks Public Landscaping Streets StreetLighting    Citywide Maintenance CFD -Tax Rates  Citywide Improvements  New developments will be required to pay their pro-rata share of maintenance future improvements. However, prior to the new improvements being construct funds may be used for the additional maintenance of existing improvements create bynewresidents (modliliedromjanualy 2, 2018 workshop forclarification).  The tax rates per Single Family Home shown below were developed using actual CI costs to maintain the mpvtmetypeane City service population figures:  Proposed Citywide Tax Rates $101 $53 $50 $25 $8 $6 Total $302  Citywide Mauntenance Improvement Item  Community Parks Open Space Citywide Regional Parks  Landscape Maintenance (Arterial Roadways) $58  Stormwater/ Drainage (Lakeview Farms) Street Lighting (Arterial Roadways) Traffic Signals (Arterial Roadways)  These tax rates sare mtendedtobeappledtoal new development    Citywide Maintenance CFD Tax Rates  Neighborhood Improvements  Tax rates to fund maintenance of Neighborhood or In-tract" improvements vary for each development depending upon the improvements installed and  level of service required.  The following are current unit costs that may be applied when determining  Neighborhood tax rates:  Neighborhood Improvement Item Public Landscaping Neighborhood Parks Stormwater/Dminage Street Lighting Street Maintenance  Current Unit Cost $15,800 per acre $11,900 peracre Varies  $150 per street light $5,813 per lane mile    Meetings with BIA & Developers  City staff conducted several meetings with BIA representatives & Develop  throughout this past year to discuss the proposed CFDs  Discussion items included:  > Methodology fordeveloping the Maintenance CFD Tax Rates  Maintenance CFD Tax Components ( Current and Projected City Maintenance costs  City Landscape Standards  Annual Maximum CFD Tax Escalator > Proposed Public Safety CFD  Developers main concern is having total property taxes (including CFD taxes)  exceed 1.8% of the homes' projected sales price  The total property tax rates throughout the State are typically 29 of Sales Price or  less    Meetings with BIA & Developers  An example property tax breakdown at the target 1.8% for a $400,000 Sales Price  is shown below:  Tax %ofs Sales Amount  Property Tax Description  Price 1.05% 0.08% 0.14% 0.13% 0.41% 1.80%  Ad-Valorem Taxes $4,184.52  Proposed Citywide Maintenance CFD $302.00 Proposed Neighborhood Maintenance CFD $575.00  Proposed Public Safety CFD $500.00  Developers' have state 0.5% ( ($2,000) is ideal  Bonded Tax $1,638.48 Total $7,200.00  Per Developers request, several analyses/scenarios were performed in an effort reduce the proposed maximum maintenance CFD taxes as much as possible.    Establishing City Landscape Standards  Maintenance CFD Tax rates are driven] by estimated maintenance costs.  Landscape maintenance is a major cost to be funded by the CFD.  Example: If landscape maintenance unit costs were lowered from $15,800/acre to $9,500/acre the CFD Neighborhood maintenance tax could drop $40-$60 per home depending on the amount of landscaping  installed and number of units to spreadthe cost to  City staff is looking to recommend minimum City landscape standards that will be both aesthetically pleasing to residents and deemed  acceptable to the Council    Establishing City Landscape Standards  (Bronze Level)  Hardscape surfaces  Decomposed granite or bark  Minimal landscaping (native trees and plants)  Noi turf  Shrubs that require minimal pruning (only annual)  Nobenches or garbage cans  Cost per acre to maintain - $4,500    Establishing City Landscape Standards  (Bronze Level)    Establishing City Landscape Standards  (Silver Level)  Mix of hardscape, rock, and moderate level of planting  Simple Planting palate (limited varieties)  No Turf  Low water plant selection Nobenches or garbage cans  Planting minimized to a narrow strip adjacent  tothe back of walk (five to ten feet)  Pocket planting  Cost per acre to maintain - $9,500    Establishing City Landscape Standards  (Silver Level)    Establishing City Landscape Standards  (Gold Level)  Maximize planting Flowering plant palate  Some areas perennial color planting Benches, garbage cans, signage  Turf  Entire right-of-way planting from back of walk  to] property line  Cost per acre to maintain - $15,800    Establishing City Landscape Standards  (Gold Level)    Street Maintenance Costs  Existing City Roadway Network:  433lane miles  Full Replacementy Value is $346million  The Average Pavement Condition Index(PCI)is79  11%0 ofroadswith PCI I<50 (Poor, Very Poor, Failed)  Estimated deferred mantemanccalse2mllom  $5.Imillion peryear required toi maintain PCI $1.2 million per year available from Gas Tax  The $3.9 million per year shortfall will add to the  estimated deferred maintenance    Street Maintenance Costs  Fair PCI 50-70  Good PCI>70  17    Street Maintenance Costs  Poor PCI25-50  Very Poor/Failed PCI<25    Street Maintenance Costs  Cost to maintain new roadways is estimated as follows:  There are approximately 2.4 lane miles ofroadway constructed for every 100 home  built  The City willl receive approximately $2,800additional annual Gas Tax Revenue from  new developmentior eachlane mile  The estimated annual amortized cost to maintain one lane mile (local road with  starting PCII 100)is-$5,813  > There is an estimated $3,000 annual shortfallin Gas Tax allocation for each newlane  mile ofroadway  For new local roads constructed - The City is proposing to fund the shortfall through a neighborhood tax component ofthe maintenance CFD    City Council Recommendations per  Council Workshop on January 2, 2018  Requested Council Input on January 2, 2018:  City to establish Landscape Maintenance Tiers - Bronze ($4,500/acre).  Silver ($9,500/acre),and Gold ($15,800/acre).  The shortfall in Gas Tax allocation for residential "in-tract" street maintenance will be funded through the neighborhood tax component  ofthe maintenance CFD.    Capital Replacement Funding Options  Option 1- CFD Maintenance Tax  Include the amount needed to fund future Capital Replacement of Improvements within  CFD Neighborhood MaintenanceTax  Option 2- Extending Infrastructure CFD Tax  Typically additional CFDs formed to fund infrastructure through the sale of bonds have maturity periodof30 years and once the debtservice has been paid the taxes cease  The CFD Neighborhood Maintenance Taxcanbel lowered (approx. $100-$150 per home) by extending the infrastructure CFD tax beyond the 30 year period to fund future Capital  Pacemetolmpoenens  Improvements that fall into this category generally have a useful life greater than 30 years such as Streets (AC Overlay), Stormwater Facilities, and Parkimprovements  For developments with an infrastructure CFD - there are a couple of alternatives to fun  Capital Replacement once the initial setofbondshave beenp paidoff:  Issue another set of bonds  Extend the intrastructure CFD tax as pay-go" (no additional bonds issued)  Council Recommendation on this item?    Annual Maximum Tax Escalator  The purpose ofincluding an annual maximum escalator is to account fo inflation and other increases in costs to provide long-term funding fo  maintenance CFD expenditures.  The annual maximum tax escalator for CFDs typically reference the  Consumer Price Index (CPI) or a fixedp percentage.  The annual maximum tax escalator is part of the disclosures provided  whena propertyissold.  An analysis of recent trends in CPI and estimated future City maintenance costs was done to determine the recommended maximum tax escalator to keep up with the estimated increase in maintenanci  costs.  Council Recommendation on this item?    Impacts of Phased Development  Many development projects are phasedin over time to provide flexibility  to the landowner in regards to infrastructure construction.  The challenge with CFD formations and establishing the annual taxes matching the maintenance costs for new infrastructure and the tax  revenues.  For example, a project may construct 90% of the landscaping infrastructure with a phase that includes 50% of the residential units,  creating a short-fall of revenue.    Alternatives for Phased Development  Option 1: require the projectto annex the entire projectinto a CFD and  allow taxes to undevelopedparcels  Option 2: require developedparcels to fund the full cost of maintenance. This will create a higher maximum CFD maintenance tax on the  developedparcels.  Option 3:if the City does not desire to tax undevelopedparcek.sto  provide an alternative funding source (General Fund).  Option 4: postpone the construction of certain improvements (ie. streetscape or parks), which could cause new homeowners to express  dissatisfaction to the City.  Option 5: other developerfunded alternatives, such as an endowment or  HOA.  Council Recommendation on this item?    End of Presentation  Questions?    Bureau of Labor Statistics  CPI-AIl Urban Consumers (Current Series) Original Data Value Series Id: Not Seasonally Adjusted Series Title: Area: Item: Base Period: Years: Year 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Previous 5 Years Previous 10 Years Previous 15 Years Previous 20 Years Average  CUURA422SA0  All items in San Francisco-Oakand-San San rancico.0akand-san Jose, CA All items 1982-84=100 1997 to 2017  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual HALF1 HALF2 152.9 153.2 152.9 153.9 155.1 155.2 155.9 155.6 156.3 156.9 156.9 156.0 155.1 153.9 156.3 157.0 157.9 159.2 159.6 159.8 160.0 160.6 161.2 161.6 162.5 162.6 162.6 160.4 158.9 161.9  163.2 169.4 176.5 187.9 191.3 197.7 198.1 201.2 207.1 213.688 219.612 222.166 226.145 229.981 236.880 242.677 248.615 254.910 262.600 271.626 2.82% 2.73% 2.68% 3.59% 2.96%  164.6 172.2 178.7 189.1 193.0 197.3 198.3 202.5 208.9 215.842 222.074 223.854 227.697 234.121 238.985 244.675 251.495 257.622 264.565 274.589  165.5 171.8 179.1 190.9 193.2 196.3 199.0 201.2 209.1 216.123 225.181 225.692 228.110 233.646 239.806 245.935 253.317 259.117 266.041 275.304  166.6 173.5 181.7 191.0 193.5 196.3 198.7 203.0 210.7 216.240 225.411 225.801 227.954 234.608 241.170 246.072 253.354 259.917 267.853 275.893  167.2 175.2 183.4 191.7 194.3 196.3 200.3 205.9 211.0 217.949 225.824 226.051 228.107 235.331 242.834 246.617 254.503 261.019 270.306  167.4 165.5 164.2 166.9 174.5 172.5 170.8 174.2 184.1 180.2 177.7 182.6 190.6 189.9 188.7 191.1 193.2 193.0 192.3 193.7 195.3 196.4 196.8 196.1 199.5 198.8 198.2 199.5 203.4 202.7 201.5 203.9 210.4 209.2 207.9 210.6 218.485 216.048 214.736 217.361 218.528 222.767 221.730 223.804 224.239 224.395 223.305 225.484 227.658 227.469 226.994 227.944 234.327 233.390 232.082 234.698 239.533 239.650 238.099 241.201 245.711 245.023 243.894 246.152 252.273 251.985 250.507 253.463 260.289 258.572 256.723 260.421 269.483 266.344 263.911 268.777  273.306  Source: Bureau of Labor Statistics  Generated on: October 3, 2017(12:39:    Bureau of Labor Statistics  CPI-Urban Wage Earners and Clerical Workers (Current Ser  Original Data Value Series Id: Not Seasonally Adjusted Series Title: Area: Item: Base Period: Years:  CWURA422SA0  Alli items in San FranciscoOakandSan Jose, San Francisco.Oakand-San. Jose, CA All items 1982-84=100 19961 to 2017  Year 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Previous 5 Years Previous 10 Years Previous 15 Years Previous 20 Years  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual HALF1 HALF2 150.5 150.5 150.7 151.9 153.0 152.9 153.4 153.0 153.8 154.3 154.2 153.1 152.6 151.6 153.6 154.1 155.0 156.2 156.7 156.8 157.0 157.5 158.1 158.6 159.5 159.5 159.4 157.4 156.0 158.8  159.6 165.7 172.6 183.5 186.8 193.7 194.1 197.3 202.5 208.803 214.913 216.797 222.049 226.638 234.648 240.262 245.148 249.809 257.141 265.569 2.65% 2.73% 2.70% 3.55% 2.91%  160.8 168.8 174.9 184.9 188.8 193.6 194.7 199.3 204.9 211.189 217.913 218.587 223.821 231.600 236.626 241.764 247.932 252.875 259.386 268.896  161.7 168.3 175.2 186.9 189.1 192.2 195.4 197.5 205.2 211.422 221.454 220.996 224.185 230.605 236.890 243.052 250.085 254.736 261.017 269.508  162.7 170.0 177.8 186.7 189.3 192.3 195.0 199.5 206.7 211.620 221.385 221.279 224.195 231.445 238.445 242.903 249.877 256.060 262.326 269.827  163.4 171.2 179.3 187.5 190.0 191.9 196.4 202.6 206.2 213.133 221.192 221.708 224.352 232.371 240.864 243.711 250.508 256.107 264.026  163.7 161.8 160.5 163.1 170.9 168.8 167.2 170.5 180.2 176.3 173.9 178.7 186.5 185.7 184.5 186.9 189.6 188.8 188.0 189.6 191.1 192.4 192.9 191.9 195.9 195.0 194.4 195.7 199.3 199.1 197.9 200.3 205.6 204.9 203.7 206.1 214.204 211.370 209.986 212.754 213.685 218.441 217.487 219.396 220.121 219.645 218.182 221.109 224.152 223.624 223.012 224.236 231.109 230.337 229.074 231.600 236.454 237.097 235.572 238.622 242.602 242.125 241.141 243.109 247.680 248.326 247.097 249.555 255.492 253.910 252.041 255.780 263.222 260.830 258.715 262.946  267.426  Average  Source: Bureau of Labor Statistics  Generated on: October 3, 2017(12:46:    Bureau of Labor Statistics  CPI-Urban Wage Earners and Clerical Workers (Current Series)  Original Data Value  Area: San rancisco-Oahland-San Jose, CA  Previous 5 Years Previous 10 Years Previous 15 Years Previous 20 Years  2.65% 2.73% 2.70% 3.55%  CPI-All Urban Consumers (Current Series)  Original Data Value  Area: San FancekOatanesan.cs, CA  Previous 5 Years Previous 10 Years Previous 15 Years Previous 20 Years  2.82% 2.73% 2.68% 3.59%  Source: Bureau of Labor Statistics  Generated on: October 3, 2017 (12:46:39    INFLATION FACTORS  FY 2018 FV2019 FY 2020 FY2021 FY2022 Average 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 15.00% 20.00% 25.00% 30.00% 35.00% 25.00% 8.00% 8.00% 8.00% 8.00% 8.00% 8.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 18.00% 18.00% 18.00% 18.00% 18.00% 18.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 10.00% 3.00% 3.00% 3.00% 3.00% 4.40% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%  General Salary Part Time Salaries PERS Unfunded Benefits SUI FICA Chemicals, Fuel, Oil, Supplies Utilities Construction Communications iInsurance Water Supply Cost Increases Engineering No Escalation    Park/Opens Space/Streetscape Cost Analyssis  16/17 Budget Parks Opens Space Streetscape Totals 5YrIncrease $ 372,932 $ 186,466 $ 149,173 $ 37,293 $ 372,932 $ 186,790 $ 93,395 $ 74,716 $ 18,679 $ 186,790 5,909 $ 2,955 $ 2,364 $ 591 $ 5,909 $ 16,913 $ 8,457 $ 6,765 $ 1,691 $ 16,913 6,000 $ 3,000 $ 2,400 $ 600 $ 6,000 $ 17,528 $ 8,764 $ 7,011 $ 1,753 $ 17,528 $ 29,740 $ 14,870 $ 11,896 $ 2,974 $ 29,740 $ 20,314 $ 10,157 $ 8,126 $ 2,031 $ 20,314 $ 50,128 $ 25,064 $ 20,051 $ 5,013 $ 50,128 $ 16,307 $ 8,154 $ 6,523 $ 1,631 $ 16,307 $ 9,469 $ 4,735 $ 3,788 $ 947 $ 9,469 $ 12,120 $ 6,060 $ 4,848 $ 1,212 $ 12,120 $ 309,259 $ 194,833 $ 52,574 $ 61,852 $ 309,259  Salaries Salaries FT Salaries On Call Salaries Seasonal Salaries-OT Retirement PERS Unfunded Workers Comp Med/Den/Life Ins SUI FICA Insurance Imanny/ravelCOmiMIEs Cost Allocation Etc. Materials, Supplies Fuel & Oil Clothing Communications Utilities Professional Services Equipment and Vehicles Equipment Vehicles Water City Administration Capital Replacement Operating Reserve Total Per Acre Cost  5.00% 3.00% 3.00% 5.00% 5.00% 25.00% 8.00% 8.00% 1.00% 5.00% 5.00% 3.00% 5.00% 4.00% 4.00% 4.00% 5.00% 18.00% 7.50% 4.00% 4.00% 3.00% 5.00%  $ $  $ 1,714 $  857 $ 686 $ 171 $ 1,714  Materials, Supplies, Utilities, Fuel, $ 270,365 $ 211,439 $ 41,152 $ 17,774 $ 270,365  $ 225,497 $ 180,398 $ 33,825 $ 11,275 $ 225,497 $ 10,400 $ 5,200 $ 4,160 $ 1,040 $ 10,400  $ 2,860 $ 1,430 $  858 $ 572 $ 2,860  $  2,916 $ 1,458 $ 875 $ 583 $ 2,916 $ 28,692 $ 22,954 $ 1,435 $ 4,304 $ 28,692 $ 1,503,780 $ 617,939 $ 377,184 $ 508,297 $ 1,503,420 $ 48,033 $ 24,016 $ 19,213 $ 4,803 $ 48,033 $ 20,033 $ 10,016 $ 8,013 $ 2,003 $ 20,033 $ 28,000 $ 14,000 $ 11,200 $ 2,800 $ 28,000 $ 606,909 $ 606,909 $ 20,000 $ 185,405 $ 606,909 SubTotal $ 3,111,277 $ 1,841,602 $ 659,296 $ 815,424 $ 3,110,917 $ 31,113 $ 18,416 $ 6,593 $ 8,154 $ 31,109 SubTotal $ 3,142,390 $ 1,860,018 $ 665,889 $ 823,579 $ 3,142,026 $ 311,128 $ 184,160 $ 164,824 $ 81,542 $ 311,092 $ 314,239 S 186,002 $ 66,589 $ 82,358 $ 314,203 $ 3,767,756 $ 2,230,180 $ 897,302 $ 987,479 $ 3,767,321  6.079Weighted. Inflationary Increase  $14,296  $528 $18,990    SCENARIO 1-1 MAXIMUM TAX INCREASE IS CPI  FY2018-19 $88,203 $9,789 $17,641 $115,632 242 EDUS $24,498 242 EDUS $140,130 242 EDUS  O&M Administration Capital Replacement Operating Reserves Total  3.00% Maximum Tax Levy Increase 6.07% Maintenance Increase 25.00% Operating Reserves  $477.82 $101.23 $579.05  FY2018-19 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 FY2027 FY2028 FY2029 FY2030 FY2031  Maximum Tax Rate Revenue Maintenance Beginning Balance Levy Maintenance Fund Balance Annual Surplus/(Deficit),  $579 $596 $614 $633 $652 $671  $691 $712 $734 $756 $778 $802 $826  $140,130.16 $144,334 $148,664 $153,124 $157,718 $162,449 $167,323 $172,342 $177,513 $182,838 $188,323 $193,973 $199,792 $205,786 $115,632 $122,651 $130,095 $137,991 $146,366 $155,250 $164,673 $174,667 $185,269 $196,514 $208,441 $221,092 $234,511 $248,745 $0 $24,498 $46,181 $64,751 $79,884 $91,236 $98,435 $101,085 $98,760 $91,004 $77,328 $57,210 $30,091 ($4,628) $140,130 $144,334 $148,664 $153,124 $157,718 $162,449 $167,323 $172,342 $177,513 $182,838 $188,323 $193,973 $199,792 $205,786 $115,632 $122,651 $130,095 $137,991 $146,366 $155,250 $164,673 $174,667 $185,269 $196,514 $208,441 $221,092 $234.511 $248,745 $24,498 $46,181 $64,751 $79,884 $91,236 $98,435 $101,085 $98,760 $91,004 $77,328 $57,210 $30,091 ($4,628) ($47,588) $24,498 $21,684 $18,569 $15,133 $11,352 $7,199 $2,650 ($2,325) ($7,756) ($13,676) ($20,118) ($27,119) ($34,719) ($42,959)    FY2033 FY2034 FY2035 FY2036 FY2037 FY2038 FY2039 FY2040 FY2041 FY2042 FY2043 FY2044 FY2045 FY2046 $876 $902 $929 $957 $986 $1,015 $1,046 $1,077 $1,110 $1,143 $1,177 $1,212 $1,249 $1,286 $211,959 $218,318 $224,868 $231,614 $238,562 $245,719 $253,091 $260,683 $268,504 $276,559 $284,856 $293,401 $302,203 $311,270 $320,608 $263,843 $279,856 $296,842 $314,859 $333,969 $354,240 $375,740 $398,546 $422,735 $448,393 $475,608 $504,475 $535,094 $567,571 $602,020 ($47,588) ($99,471) ($161,009) ($232,983) ($316,229) ($411,636) ($520,156) ($642,806) ($780,668) ($934,899) ($1,106,733) ($1,297,486) ($1,508,559) ($1,741,450) ($1,997,751) $211,959 $218,318 $224,868 $231,614 $238,562 $245,719 $253,091 $260,683 $268,504 $276,559 $284,856 $293,401 $302,203 $311,270 $320,608 $263,843 $279,856 $296,842 $314,859 $333,969 $354,240 $375,740 $398.546 $422,735 $448,393 $475,608 $504.475 $535,094 $567,571 $602.020 ($99,471) ($161,009) ($232,983) ($316,229) ($411,636) ($520,156) ($642,806) ($780,668) ($934,899) ($1,106,733) ($1,297,486) ($1,508,559) ($1,741,450) ($1,997,751) ($2,279,164) ($51,883) ($61,538) ($71,975) ($83,245) ($95,407) ($108,520) ($122,649) ($137,862) ($154,231) ($171,834) ($190,752) ($211,074) ($232,891) ($256,302) ($281,412)    FY2048 FY2049 FY2050 FY2051 FY2052 FY2053 FY2054 FY2055 FY2056 FY2057 FY2058 FY2059 FY2060  $1,365 $1,406 $1,448 $1,491 $1,536 $1,582 $1,629  $1,678  $1,729  $1,780  $1,834  $1,889  $1,946  $330,226 $340,133 $350,337 $360,847 $371,672 $382,822 $394,307 $406,136 $418,320 $430,870 $443,796 $457,110 $470,823 $638,559 $677,317 $718,426 $762,031 $808,282 $857,341 $909,377 $964,571 $1,023,116 $1,085,214 $1,151,080 $1,220,945 $1,295,050 ($2,279,164) ($2,587,497) ($2,924,681) ($3,292,771) ($3,693,955) ($4,130,565) ($4,605,084) ($5,120,154) ($5,678,589) ($6,283,384) ($6,937,728) ($7,645,012) ($8,408,847) $330,226 $340,133 $350,337 $360,847 $371,672 $382,822 $394,307 $406,136 $418,320 $430,870 $443,796 $457,110 $470,823 $638,559 $677,317 $718.426 $762,031 $808,282 $857,341 $909,377 $964,571 $1,023,116 $1,085,214 $1,151,080 $1,220,945 $1,295,050 ($2,587,497) ($2,924,681) ($3,292,771) ($3,693,955) ($4,130,565) ($4,605,084) ($5,120,154) ($5,678,589) ($6,283,384) ($6,937,728) ($7,645,012) ($8,408,847) ($9,233,074) ($308,334) ($337,184) ($368,090) ($401,184) ($436,610) ($474,518) ($515,070) ($558,435) ($604,795) ($654,344) ($707,284) ($763,835) ($824,227)    FY2061 FY2062 FY2063 FY2064 FY2065 FY2066 FY2067 FY2068 FY2069 FY2070 FY2071 FY2072  $2,004  $2,064  $2,126  $2,190  $2,255  $2,323  $2,393  $2,465  $2,539  $2,615  $2,693  $2,774  $484,948 $499,496 $514,481 $529,916 $545,813 $562,187 $579,053 $596,425 $614,317 $632,747 $651,729 $671,281 $691,420 $1,373,653 $1,457,026 $1,545,460 $1,639,261 $1,738,756 $1,844,289 $1,956,228 $2,074,961 $2,200,900 $2,334,483 $2,476,174 $2,626,465 $2,785,878 ($9,233,074) ($10,121,779) ($11,079,309) ($12,110,288) ($13,219,633) ($14,412,576) ($15,694,678) ($17,071,853) ($18,550,389) ($20,136,972) ($21,838,708) ($23,663,153) ($25,618,337) $484,948 $499,496 $514,481 $529,916 $545,813 $562,187 $579,053 $596,425 $614,317 $632,747 $651,729 $671,281 $691,420 $1,373,653 $1,457,026 $1,545,460 $1,639,261 $1,738,756 $1.844,289 $1,956,228 $2.074,961 $2,200,900 $2.334,483 $2,476.174 $2,626,465 ($11,079,309) ($12,110,288) ($13,219,633) ($14,412,576) ($15,694,678) ($17,071,853) ($18,550,389) ($20,136,972) ($21,838,708) ($23,663,153) ($25,618,337) ($27,712,795) ($888,705) ($957,530) ($1,030,979) ($1,109,346) ($1,192,943) ($1,282,102) ($1,377,175) ($1,478,536) ($1,586,583) ($1,701,736) ($1,824,445) ($1,955,184) ($2,094,458)  ($10,121,779)  $2,785.878    FY2074 FY2075 FY2076 FY2077 FY2078 FY2079 FY2080 FY2081 FY2082  FY2083 FY2084 FY2085 $3,728 $3,840 $3,955 $4,074  $2,943  $3,031  $3,122  $3,216  $3,312  $3,412  $3,514  $3,619  $712,162 $733,527 $755,533 $778,199 $801,545 $825,591 $850,359 $875,870  $902,146 $929,210 $957,087 $985,799  $2,954,966 $3,134,317 $3,324,554 $3,526,337 $3,740,367 $3,967,388 $4,208,187 $4,463,602 $4,734,520 $5,021,880 $5,326,682 $5,649,984 ($27,712,795) ($29,955,599) ($32,356,389) ($34,925,409) ($37,673,547) ($40,612,369) ($43,754,165) ($47,111,994) ($50,699,726) ($54,532,100) ($58,624,769) ($62,994,365) $712,162 $733,527 $755,533 $778,199 $801,545 $825,591 $850,359 $875,870 $902,146 $929,210 $957,087 $985,799 $2,954.966 $3,134.317 $3,324,554 $3,526,337 $3.740,367 $3,967,388 $4,208,187 $4,463,602 $4.734.520 $5.021,880 $5,326,682 $5,649,984 ($29,955,599) ($32,356,389) ($34,925,409) ($37,673,547) ($40,612,369) ($43,754,165) ($47,111,994) ($50,699,726) ($54,532,100) ($58,624,769) ($62,994,365) ($67,658,549) ($2,242,804) ($2,400,790) ($2,569,021) ($2,748,138) ($2,938,822) ($3,141,796) ($3,357,828) ($3,587,732) ($3,832,374) ($4,092,670) ($4,369,595) ($4,664,185)    FY2086 FY2087 FY2088 FY2089 FY2090 FY2091 FY2092 FY2093 FY2094 FY2095 FY2096 $4,196 $4,322 $4,451 $4,585 $4,722 $4,864 $5,010 $5,160 $5,315 $5,475 $5,639  $1,015,373 $1,045,834 $1,077,209 $1,109,526 $1,142,811 $1,177,096 $1,212,409 $1,248,781 $1,286,244 $1,324,832 $1,364,577 $1,405,514 $5,992,908 $6,356,646 $6,742,462 $7,151,694 $7,585,764 $8,046,180 $8,534,541 $9,052,544 $9,601,986 $10,184.776 $10,802,939 $11,458,620 ($67,658,549) ($72,636,085) ($77,946,897) ($83,612,149) ($89,654,317) ($96,097,270) ($102,966,354) ($110,288,487) ($118,092,250) ($126,407,991) ($135,267,935) ($144,706,297) $1,015,373 $1,045,834 $1,077,209 $1,109,526 $1,142,811 $1,177,096 $1,212,409 $1,248,781 $1,286,244 $1,324,832 $1,364,577 $1,405,514 $5,992,908 $6,356,646 $6,742,462 $7,151,694 $7.585,764 $8.046.180 $8.534,541 $9,052,544 $9,601,986 $10,184.776 $10,802,939 $11,458.620 ($72,636,085) ($77,946,897) ($83,612,149) ($89,654,317) ($96,097,270) ($102,966,354) ($110,288,487) ($118,092,250) ($126,407,991) ($135,267,935) ($144,706,297) ($154,759,404) ($4,977,535) ($5,310,812) ($5,665,252) ($6,042,168) ($6,442,953) ($6,869,085) ($7,322,133) ($7,803,763) ($8,315,741) ($8,859,944) ($9,438,362) ($10,053,107)    FY2098 FY2099 FY2100 FY2101 FY2102 FY2103 FY2104 FY2105 FY2106 FY2107 FY2108 $5,982 $6,162 $6,346 $6,537 $6,733 $6,935 $7,143 $7,357 $7,578 $7,805 $8,040 $1,945,560 $2,003,927 $21,909,226 $23,239,002  $1,447,679 $1,491,110 $1,535,843 $1,581,918 $1,629,376 $1,678,257 $1,728,605 $1,780,463 $1,833,877 $1,888,893 $12,154,099 $12,891,789 $13,674,253 $14,504,209 $15,384.539 $16,318,300 $17,308,735 $18,359,285 $19,473,597 $20,655,543 ($154,759,404) ($165,465,824) ($176,866,503) ($189,004,913) ($201,927,204) ($215,682,367) ($230,322,409) ($245,902,539) ($262,481,361) $1,447,679 $1,491,110 $1,535,843 $1,581,918 $1,629,376 $1,678,257 $1,728,605 $1,780,463  ($280,121,082) ($298,887,732) ($318,851,398)  $12,154.099 $12,891,789 $13.674.253 $14.504.209 $15,384.539 $16,318.300 $17,308,735 $18,359,285 $1,833,877 $1,888,893 $1,945,560 $2,003,927 ($165,465,824). ($176,866,503) ($189,004,913) ($201,927,204) ($215,682,367) ($230,322,409) ($245,902,539) ($262,481,361) $19,473.597 $20,655,543 $21,909,226 $23,239,002  ($280,121,082) ($298,887,732) ($318,851,398) ($340,086,474)  ($10,706,420) ($11,400,679) ($12,138,410) ($12,922,291) ($13,755,163) ($14,640,043) ($15,580,130) ($16,578,822) ($17,639,721) ($18,766,650)  ($19,963,667) ($21,235,075)    FY2110 FY2111 FY2112 FY2113 FY2114 FY2115 FY2116 $8,529 $8,785 $9,049 $9,320 $9,600 $9,888 $10,184 $2,464,577 $2,538,514  FY2117 $10,490  FY2118 $10,804 $2,614,670  $2,064,045 $2,125,966 $2,189,745 $2,255,437 $2,323,100 $2,392,793  $24,649,488 $26,145,583 $27,732,483 $29,415,700 $31,201,079 $33,094,821 $35,103,504 $37,234,103 $39,494,018 ($340,086,474) ($362,671,917) ($386,691,534) ($412,234,272) ($439,394,535) ($468,272,513) ($498,974,541) ($531,613,468) ($566,309,057) $24,649,488 $26,145,583 $27,732,483 $29,415.700 $31,201,079 $33,094,821 $35,103,504 $37,234.103 $39,494.018 ($362,671,917) ($386,691,534). ($412,234,272) ($439,394,535) ($468,272,513) ($498,974,541) ($531,613,468) ($566,309,057) ($603,188,406) ($22,585,443) ($24,019,617) ($25,542,738) ($27,160,263) ($28,877,979) ($30,702,028) ($32,638,927) ($34,695,589) ($36,879,349)  $2,064,045 $2,125,966 $2,189,745 $2,255,437 $2,323,100 $2,392,793  $2,464,577  $2,538,514 $2,614,670    SCENARIO 2- DEVELOPER PAYS FOR MAINTENANCE IN FIRST TWO YEARS  FY2018-19 $88,203 $9,789 $17,641 $115,632 242 EDUS $24,498 242 EDUS $140,130 242 EDUS  O&M Administration Capital Replacement Operating Reserves Total  3.00% Maximum Tax Levy Increase 6.07% Maintenance Increase 25.00% Operating Reserves  $477.82 $101.23 $579.05  FY2018-19 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 FY2027 FY2028 FY2029 FY2030 FY2031  Maximum Tax Rate Revenue Maintenance Beginning Balance Levy Maintenance Fund Balance Annual Surplus/(Deficit)  $579 $596 $614 $633 $652 $671  $691 $712 $734 $756 $778 $802 $826  $850  $140,130.16 $144,334 $148,664 $153,124 $157,718 $162,449 $167,323 $172,342 $177,513 $182,838 $188,323 $193,973 $199,792 $205,786 $115,632 $122,651 $130,095 $137,991 $146,366 $155,250 $164,673 $174,667 $185,269 $196,514 $208,441 $221,092 $234,511 $0 $140,130 $284,464 $303,034 $318,167 $329,518 $336,718 $339,368 $337,043 $329,287 $315,611 $295,493 $268,374 $140,130 $284,464 $303,034 $318,167 $329,518 $336,718 $339,368 $337,043 $329,287 $315,611 $208,441 $221,092 $234.511 $248,745 $24,498 $21,684 $18,569 $15,133 $11,352 $7,199 $2,650 ($2,325) ($7,756) ($13,676) ($20,118) ($27,119)  $248,745 $233,654  $140,130 $144,334 $148,664 $153,124 $157,718 $162,449 $167,323 $172,342 $177,513 $182,838  $0  $0 $130,095 $137,991 $146,366 $155,250 $164.673 $174.,667 $185,269 $196,514 $188,323 $193,973 $199,792 $205,786  $295,493 $268,374 $233,654 $190,695  ($34,719) ($42,959)    FY2033 FY2034 FY2035 FY2036 FY2037 FY2038 FY2039 FY2040 FY2041 FY2042 FY2043 FY2044 FY2045 $876 $902 $929 $957 $986 $1,015 $1,046 $1,077 $1,110 $1,143 $1,177 $1,212 $1,249 $211,959 $218,318 $224,868 $231,614 $238,562 $245,719 $253,091 $260,683 $268,504 $276,559 $284,856 $293,401 $263,843 $279,856 $296,842 $314,859 $333,969 $354,240 $375,740 $398,546 $422,735 $448,393 $475,608 $504,475 $535,094  FY2046 $1,286 $302,203 $311,270 $320,  $567,571 $602,020  $190,695 $138,812 $77,274 $5,299 ($77,946) ($173,353) ($281,874) ($404,523) ($542,385) ($696,616)  $211,959 $218,318 $224,868 $231,614 $238,562 $245,719 $253,091 $260,683 $268,504 $276,559 ($868,450) $284,856 ($1,059,203) ($1,270,276) ($1,503,167) ($1,759,469) $263,843 $279.856 $296,842 $314,859 $333,969 $354,240 $375.740 $398,546 $422,735 $448,393 $475,608 $293,401 $302,203 $311,270 $320,608 $138,812 $77,274 $5,299 ($77,946) ($173,353) ($281,874) ($404,523) ($542,385) ($696,616) ($868,450) ($1,059,203) $504.475 $535,094 $567,571 $602.020  ($1,270,276) ($1,503,167) ($1,759,469) ($2,040,881)  ($51,883) ($61,538) ($71,975) ($83,245) ($95,407) ($108,520) ($122,649) ($137,862) ($154,231) ($171,834) ($190,752) ($211,074)  ($232,891) ($256,302) ($281,412)    FY2048 FY2049 FY2050 FY2051 FY2052 FY2053 FY2054 FY2055 FY2056 FY2057 FY2058 FY2059 FY2060  $1,365 $1,406 $1,448 $1,491 $1,536 $1,582 $1,629  $1,678  $1,729  $1,780  $1,834  $1,889  $1,946  $330,226 $340,133 $350,337 $360,847 $371,672 $382,822 $394,307 $406,136 $418,320 $430,870 $443,796 $457,110 $470,823 $638,559 $677,317 $718,426 $762,031 $808,282 $857,341 $909,377 $964,571 $1,023,116 $1,085,214 $1,151,080 $1,220,945 $1,295,050 ($2,040,881) ($2,349,215) ($2,686,399) ($3,054,488) ($3,455,672) ($3,892,283) ($4,366,801) ($4,881,871) ($5,440,306) ($6,045,102) ($6,699,445) ($7,406,730) ($8,170,565) $330,226 $340,133 $350,337 $360,847 $371,672 $382,822 $394,307 $406,136 $418,320 $430,870 $443,796 $457,110 $470,823 $638,559 $677,317 $718,426 $762,031 $808,282 $857,341 $909,377 $964,571 $1,023.116 $1,085,214 $1,151,080 $1,220,945 $1,295,050 ($2,349,215) ($2,686,399) ($3,054,488) ($3,455,672) ($3,892,283) ($4,366,801) ($4,881,871) ($5,440,306) ($6,045,102) ($6,699,445) ($7,406,730) ($8,170,565) ($8,994,791) ($308,334) ($337,184) ($368,090) ($401,184) ($436,610) ($474,518) ($515,070) ($558,435) ($604,795) ($654,344) ($707,284) ($763,835) ($824,227)    FY2061 FY2062 FY2063 FY2064 FY2065 FY2066 FY2067 FY2068 FY2069 FY2070 FY2071 FY2072  $2,004  $2,064  $2,126  $2,190  $2,255  $2,323  $2,393  $2,465  $2,539  $2,615  $2,693  $2,774  $484,948 $499,496 $514,481 $529,916 $545,813 $562,187 $579,053 $596,425 $614,317 $632,747 $651,729 $671,281 $69 $1,373,653 $1,457,026 $1,545,460 $1,639,261 $1,738,756 $1,844,289 $1,956,228 $2,074,961 $2,200,900 $2,334,483 $2,476,174 $2,626,465 $2,785,878 $484,948 $499,496 $514,481 $529,916 $545,813 $562,187 $579,053 $596,425 $614,317 $632,747 ($21,600,426) $651,729 ($23,424,871) ($25,380,054) $1,373,653 $1,457,026 $1,545,460 $1,639,261 $1,738,756 $1,844.289 $1,956,228 $2.074,961 $2,200,900 $2.334.483 $2,476,174 $671,281 $691,420 ($9,883,496) ($10,841,026) ($11,872,005) ($12,981,351) ($14,174,294) ($15,456,395) ($16,833,570) ($18,312,107) ($19,898,689) ($21,600,426) ($23,424,871) $2,626.465 $2,785,878 ($888,705) ($957,530) ($1,030,979) ($1,109,346) ($1,192,943) ($1,282,102) ($1,377,175) ($1,478,536) ($1,586,583) ($1,701,736) ($1,824,445) ($1,955,184) ($2,094,458)  ($8,994,791) ($9,883,496) ($10,841,026) ($11,872,005) ($12,981,351) ($14,174,294) ($15,456,395) ($16,833,570) ($18,312,107) ($19,898,689)  ($25,380,054) ($27,474,512)    FY2074 FY2075 FY2076 FY2077 FY2078 FY2079 FY2080 FY2081  FY2082 FY2083 FY2084 FY2085 $3,619 $3,728 $3,840 $3,955 $4,074  $2,943  $3,031  $3,122  $3,216  $3,312  $3,412  $3,514  $712,162 $733,527 $755,533 $778,199 $801,545 $825,591 $850,359 $875,870 $902,146 $929,210 $957,087 $985,799 $2,954,966 $3,134,317 $3,324,554 $3,526,337 $3,740,367 $3,967,388 $4,208,187 $4,463,602 $4,734,520 $5,021,880 $5,326,682 $5,649,984 ($27,474,512) ($29,717,316) ($32,118,106) ($34,687,127) ($37,435,264) ($40,374,086) ($43,515,883) ($46,873,711) ($50,461,443) ($54,293,817) ($58,386,487) ($62,756,082) $712,162 $733,527 $755,533 $778,199 $801,545 $825,591 $850,359 $875,870 $902,146 $929,210 $957,087 $985,799 $2,954,966 $3,134,317 $3,324,554 $3,526,337 $3,740,367 $3,967,388 $4.208,187 $4.463.602 $4.734.520 $5,021,880 $5.326.682 $5,649,984 ($29,717,316) ($32,118,106) ($34,687,127) ($37,435,264) ($40,374,086) ($43,515,883) ($46,873,711) ($50,461,443) ($54,293,817) ($58,386,487) ($62,756,082) ($67,420,267) ($2,242,804) ($2,400,790) ($2,569,021) ($2,748,138) ($2,938,822) ($3,141,796) ($3,357,828) ($3,587,732) ($3,832,374) ($4,092,670) ($4,369,595) ($4,664,185)    FY2086 FY2087 FY2088 FY2089 FY2090 FY2091 FY2092 FY2093 FY2094 FY2095 FY2096 $4,196 $4,322 $4,451 $4,585 $4,722 $4,864 $5,010 $5,160 $5,315 $5,475 $5,639  $1,015,373 $1,045,834 $1,077,209 $1,109,526 $1,142,811 $1,177,096 $1,212,409 $1,248,781 $5,992,908 $6,356,646 $6,742,462 $7,151,694 $7,585,764 $8,046,180 $8,534,541 $9,052,544 ($67,420,267) ($72,397,802) ($77,708,614) ($83,373,866) ($89,416,034) ($95,858,987) ($102,728,072)  $1,286,244 $1,324,832 $1,364,577 $1,405,5 514 $9,601,986 $10,184,776 $10,802,939 $11,458,620  $1,015,373 $1,045,834 $1,077,209 $1,109,526 $1,142,811 $1,177,096 $1,212,409 ($110,050,204) ($117,853,967) ($126,169,708) ($135,029,653) ($144,468,015) $5,992,908 $6,356.646 $6,742,462 $7,151,694 $7,585,764 $8,046.180 $8,534.541 $1,248,781 $1,286,244 $1,324,832 $1,364,577 $1,405,514 ($72,397,802) ($77,708,614) ($83,373,866) ($89,416,034) ($95,858,987) ($102,728,072) ($110,050,204) $9.052.544 $9,601,986 $10,184.776 $10,802,939 $11,458,620  ($117,853,967) ($126,169,708) ($135,029,653) ($144,468,015) ($154,521,121)  ($4,977,535) ($5,310,812) ($5,665,252) ($6,042,168) ($6,442,953) ($6,869,085) ($7,322,133) ($7,803,763)  ($8,315,741) ($8,859,944) ($9,438,362) ($10,053,107)    FY2098 FY2099 FY2100 FY2101 FY2102 FY2103 FY2104 FY2105 FY2106 FY2107 FY2108 $5,982 $6,162 $6,346 $6,537 $6,733 $6,935 $7,143 $7,357 $7,578 $7,805 $8,040  $1,447,679 $1,491,110 $1,535,843 $1,581,918 $1,629,376 $1,678,257 $1,728,605 $1,780,463 $1,833,877 $1,888,893 $1,945,560 $2,003 $12,154,099 $12,891,789 $13,674,253 $14,504,209 $15,384,539 $16,318,300 $17,308,735 $18,359,285 $19,473,597 $20,655,543 $21,909,226 $23,239,002 ($154,521,121) ($165,227,541) ($176,628,220) ($188,766,630) ($201,688,921) ($215,444,084) ($230,084,126) ($245,664,257) ($262,243,079) ($279,882,799) ($298,649,449) ($318,613,116) $1,447,679 $1,491,110 $1,535,843 $1,581,918 $1,629,376 $1,678,257 $1,728,605 $1,780,463 $1,833,877 $1,888,893 $1,945,560 $2,003,927 $12,154,099 $12,891,789 $13,674,253 $14.504.209 $15.384,539 $16,318,300 $17,308,735 $18,359,285 $19,473,597 $20,655,543 $21,909,226 $23,239,002 ($165,227,541) ($176,628,220) ($188,766,630) ($201,688,921) ($215,444,084) ($230,084,126) ($245,664,257) ($262,243,079) ($279,882,799) ($298,649,449) ($318,613,116) ($339,848,191) ($10,706,420) ($11,400,679) ($12,138,410) ($12,922,291) ($13,755,163) ($14,640,043) ($15,580,130) ($16,578,822) ($17,639,721) ($18,766,650) ($19,963,667) ($21,235,075)    FY2110 FY2111 FY2112 FY2113 FY2114 FY2115 FY2116 $8,529 $8,785 $9,049 $9,320 $9,600 $9,888 $10,184  FY2117 $10,490 $2,538,514 $2,614,670  FY2118 $10,804  $2,064,045 $2,125,966 $2,189,745 $2,255,437 $2,323,100 $2,392,793 $2,464,577  $24,649,488 $26,145,583 $27,732,483 $29,415,700 $31,201,079 $33,094,821 $35,103,504 $37,234,103 $39,494,018 ($339,848,191) ($362,433,634) ($386,453,251) ($411,995,989) ($439,156,252) ($468,034,231) ($498,736,259) ($531,375,186) ($566,070,774) $2,064,045 $2,125,966 $2,189,745 $2,255,437 $2,323,100 $2,392,793 $2,464,577 $2,538,514 $2,614,670 $24.649,488 $26,145,583 $27,732,483 $29,415,700 $31,201,079 $33,094.821 $35,103,504 $37,234,103 $39,494,018 ($362,433,634) ($386,453,251) ($411,995,989) ($439,156,252) ($468,034,231) ($498,736,259) ($531,375,186) ($566,070,774) ($602,950,123) ($22,585,443) ($24,019,617) ($25,542,738) ($27,160,263) ($28,877,979) ($30,702,028) ($32,638,927) ($34,695,589) ($36,879,349)    SCENARIO 3- MAXIMUM TAX INCREASE IS CPI PLUS 3%  FY2018-19 $88,203 $9,789 $17,641 $115,632 242 EDUS $24,498 242EDUS $140,130 242 EDUS  0&M Administration Capital Replacement Operating Reserves Total  6.00% Maximum Tax Levy Increase 6.07% Maintenance Increase 25.00% Operating Reserves  $477.82 $101.23 $579.05  FY2018-19 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 FY2027 FY2028 FY2029 FY2030 FY2031  Maximum Tax Rate Revenue Maintenance Beginning Balance Levy Maintenance Fund Balance Annual Surplus/(Deficit),  $579 $614 $651 $690 $731 $775  $821 $871 $923 $978 $1,037 $1,099 $1,165 $1,235  $140,130.16 $148,538 $157,450 $166,897 $176,911 $187,526 $198,777 $210,704 $223,346 $236,747 $250,952 $266,009 $281,969 $298,888 $115,632 $122,651 $130,095 $137,991 $146,366 $155,250 $164,673 $174,667 $185,269 $196,514 $208,441 $221,092 $234,511 $248,745 $0 $24,498 $50,385 $77,741 $106,647 $137,192 $169,468 $203,573 $239,609 $277,687 $317,920 $360,431 $405,347 $452,805 $140,130 $148,538 $157,450 $166,897 $176,911 $187,526 $198,777 $210,704 $223,346 $236,747 $250,952 $266,009 $281,969 $298,888 $115,632 $122,651 $130,095 $137,991 $146.366 $155,250 $164,673 $174,667 $185,269 $196,514 $208.441 $221,092 $24,498 $50,385 $77,741 $106,647 $137,192 $169,468 $203,573 $239,609 $277,687 $317,920 $360,431 $405,347 $234.511 $452,805 $248,745 $502,948 $24,498 $25,887 $27,355 $28,906 $30,545 $32,276 $34,105 $36,037 $38,077 $40,233 $42,511 $44,917 $47,458 $50,142    FY2033 FY2034 FY2035 FY2036 FY2037 FY2038 FY2039 FY2040 FY2041 FY2042 FY2043 $1,309 $1,388 $1,471 $1,559 $1,653 $1,752 $1,857 $1,969 $2,087 $2,212 $2,345 $316,821 $335,830 $355,980 $377,339 $399,979 $423,978 $449,416 $476,381 $504,964 $535,262 $567,378 $263,843 $279,856 $296,842 $314,859 $333,969 $354,240 $375,740 $398,546 $422,735 $448,393 $475,608 $502,948 $555,926 $611,900 $671,037 $733,517 $799,526 $869,264 $942,941 $1,020,777 $1,103,006 $1,189,875 $263,843 $279,856 $296.842 $314,859 $333,969 $354,240 $375,740 $398.546 $422,735 $448,393  FY2044 FY2045 FY2046 $2,485 $2,634 $2,792 $601,421 $637,506 $675,756 $716,3 301 $504,475 $535,094 $567,571 $602,020 $601,421 $637,506 $675,756 $716,301 $1,281,645 $1,378,590 $1,481,002 $1,589,187 $1,703,468  $316,821 $335,830 $355,980 $377,339 $399,979 $423,978 $449,416 $476,381 $504,964 $535,262 $567,378 $1,281,645 $1,378,590 $1,481,002 $1,589,187 $555,926 $611,900 $671,037 $733,517 $799,526 $869,264 $942,941 $1,020,777 $1,103,006 $1,189,875 $475,608 $504,475 $535,094 $567,571 $602.020  $52,978 $55,974 $59,138 $62,480 $66,010 $69,738 $73,676 $77,836 $82,229 $86,869 $91,770  $96,946 $102,412 $108,185 $114,281    FY2048 FY2049 FY2050 FY2051 FY2052 FY2053 FY2054 FY2055 FY2056 FY2057 FY2058 FY2059 FY2060  $3,138 $3,326 $3,525 $3,737 $3,961 $4,199 $4,451  $4,718  $5,001  $5,301  $5,619  $5,956  $6,313  $759,280 $804,836 $853,127 $904,314 $958,573 $1,016,087 $1,077,053 $1,141,676 $1,210,176 $1,282,787 $1,359,754 $1,441,339 $1,527,820 $638,559 $677,317 $718,426 $762,031 $808,282 $857,341 $909,377 $964,571 $1,023,116 $1,085,214 $1,151,080 $1,220,945 $1,295,050 $1,703,468 $1,824,188 $1,951,708 $2,086,408 $2,228,691 $2,378,982 $2,537,728 $2,705,404 $2,882,508 $3,069,569 $3,267,142 $3,475,816 $3,696,210 $759,280 $804,836 $853,127 $904,314 $958,573 $1,016,087 $1,077,053 $1,141,676 $1,210,176 $1,282,787 $1,359,754 $1,441,339 $1,527,820 $638,559 $677,317 $718,426 $762,031 $808.282 $857,341 $909,377 $964,571 $1,023,116 $1.085.214 $1,151,080 $1,220,945 $1.295,050 $1,824,188 $1,951,708 $2,086,408 $2,228,691 $2,378,982 $2,537,728 $2,705,404 $2,882,508 $3,069,569 $3,267,142 $3,475,816 $3,696,210 $3,928,980 $120,720 $127,520 $134,700 $142,283 $150,291 $158,747 $167,676 $177,104 $187,060 $197,573 $208,674 $220,394 $232,770    FY2061 FY2062 FY2063 FY2064 FY2065 FY2066 FY2067 FY2068 FY2069 FY2070 FY2071 FY2072  $6,692  $7,094  $7,519  $7,970  $8,449  $8,956  $9,493 $10,062 $10,666 $11,306 $11,985 $12,704  $1,619,489 $1,716,658 $1,819,658 $1,928,837 $2,044,567 $2,167,241 $2,297,276 $2,435,112 $2,581,219 $2,736,092 $2,900,258 $3,074,273 $1,373,653 $1,457,026 $1,545,460 $1,639,261 $1,738,756 $1,844,289 $1,956,228 $2,074,961 $2,200,900 $2,334,483 $2,476,174 $2,626,465 $1,619,489 $1,716,658 $1,819,658 $1,928,837 $2,044,567 $2,167,241 $2,297,276 $2,435,112 $2,581,219 $2,736,092 $7,110,112 $7,534,195 $7,982,004 $1,373.653 $1,457,026 $1,545,460 $1,639,261 $1,738,756 $1,844,289 $1,956,228 $2,074,961 $2,200,900 $2,334,483 $2,900,258 $3,074,273 $3,258,730 $4,174,816 $4,434,448 $4,708,646 $4,998,221 $5,304,033 $5,626,985 $5,968,032 $6,328,184 $6,708,503 $7,110,112 $2,476,174 $2,626,465 $2,785,878 $245,836 $259,632 $274,198 $289,576 $305,811 $322,952 $341,048 $360,151 $380,319 $401,609 $424,084 $447,808 $472,852  $3,25 $2,785,878  $3,928,980 $4,174,816 $4,434,448 $4,708,646 $4,998,221 $5,304,033 $5,626,985 $5,968,032 $6,328,184 $6,708,503  $7,534,195 $7,982,004 $8,454,855    FY2074 FY2075 FY2076 FY2077 FY2078 FY2079 FY2080 FY2081 FY2082 $14,274 $15,130 $16,038 $17,000 $18,020 $19,102 $20,248 $21,462  FY2083 FY2084 FY2085 $22,750 $24,115 $25,562 $27,096  $3,454,253 $3,661,509 $3,881,199 $4,114,071 $4,360,915 $4,622,570 $4,899,925 $5,193,920 $5,505,555 $5,835,889 $6,186,042 $6,557,204 $2,954,966 $3,134,317 $3,324,554 $3,526,337 $3,740,367 $3,967,388 $4,208,187 $4,463,602 $4,734,520 $5,021,880 $5,326,682 $5,649,984 $3,454,253 $3,661,509 $3,881,199 $4,114,071 $4,360,915 $4,622,570 $4,899,925 $5,193,920 $5,505,555 $5,835,889 $14,908,545 $15,767,905 $2,954,966 $3,134,317 $3,324,554 $3,526,337 $3,740,367 $3,967,388 $4,208,187 $4,463,602 $4.734,520 $5,021,880 $6,186,042 $6,557,204 $8,954,143 $9,481,335 $10,037,980 $10,625,715 $11,246,263 $11,901,446 $12,593,183 $13,323,501 $14,094,537 $14,908,545 $5,326,682 $5,649.984 $499,287 $527,192 $556,646 $587,734 $620,549 $655,183 $691,737 $730,318 $771,036 $814,008 $859,360 $907,221  $8,454,855 $8,954,143 $9,481,335 $10,037,980 $10,625,715 $11,246,263 $11,901,446 $12,593,183 $13,323,501 $14,094,537  $15,767,905 $16,675,126    FY2086 FY2087 FY2088 FY2089 FY2090 FY2091 FY2092 FY2093 FY2094 FY2095 FY2096 $28,722 $30,445 $32,272 $34,208 $36,260 $38,436 $40,742 $43,187 $45,778 $48,525 $51,436  $6,950,637 $7,367,675 $7,809,735 $8,278,319 $8,775,019 $9,301,520 $9,859,611 $10,451,188 $11,078,259 $5,992,908 $6,356,646 $6,742,462 $7,151,694 $7,585,764 $8,046,180 $8,534,541 $9,052,544 $9,601,986 $10,184,776 $16,675,126 $17,632,854 $18,643,882 $19,711,156 $20,837,782 $22,027,036 $23,282,375 $24,607,445 $26,006,089 $5,992,908 $6,356,646 $6,742,462 $7,151,694 $7,585,764 $8,046,180 $8,534,541 $9,052,544  $11,742,954 $12,447,532 $13,194,383  $10,802,939 $11,458,620  $6,950,637 $7,367,675 $7,809,735 $8,278,319 $8,775,019 $9,301,520 $9,859,611 $10,451,188 $11,078,259 $27,482,362 $29,040,540 $30,685,133 $17,632,854 $18,643,882 $19,711,156 $20,837,782 $22,027,036 $23,282,375 $24,607,445 $26,006,089 $9,601,986 $10,184.776 $10,802,939 $11.458.620  $11,742,954 $12,447,532 $13,194,383  $27,482,362 $29,040,540 $30,685,133 $32,420,896  $957,728 $1,011,028 $1,067,274 $1,126,626 $1,189,254 $1,255,339 $1,325,069 $1,398,644 $1,476,273  $1,558,178 $1,644,593 $1,735,763    FY2098 FY2099 FY2100 FY2101 FY2102 FY2103 FY2104 FY2105 FY2106 FY2107 FY2108 $57,794 $61,261 $64,937 $68,833 $72,963 $77,341 $81,981 $86,900 $92,114 $97,641 $103,500  $109 $26,549,692  $13,986,046 $14,825,209 $15,714,722 $16,657,605 $17,657,061 $18,716,485 $19,839,474 $21,029,843 $22,291,633 $23,629,131 $25,046,879 $12,154,099 $12,891,789 $13,674,253 $14,504,209 $15,384,539 $16,318,300 $17,308,735 $18,359,285 $19,473,597 $20,655,543 $32,420,896 $34,252,844 $36,186,264 $38,226,733 $40,380,129 $42,652,652 $45,050,837 $47,581,576 $50,252,134  $21,909,226 $23,239,002  $13,986,046 $14,825,209 $15,714,722 $16,657,605 $17,657,061 $18,716,485 $19,839,474 $21,029,843 $22,291,633 $53,070,170 $56,043,758 $59,181,411 $12,154.099 $12,891,789 $13,674,253 $14,504.209 $15,384,539 $16,318,300 $17,308,735 $18,359,285 $19,473,597 $23,629,131 $25,046,879 $26,549,692 $34,252,844 $36,186,264 $38,226,733 $40,380,129 $42,652,652 $45,050,837 $47,581,576 $50,252,134 $53,070,170 $20,655,543 $21,909,226 $23,239,002  $56,043,758 $59,181,411 $62,492,101  $1,831,948 $1,933,420 $2,040,469 $2,153,396 $2,272,523 $2,398,185 $2,530,739 $2,670,558 $2,818,036 $2,973,588  $3,137,653 $3,310,690    FY2110  FY2111  FY2112  FY2113 $138,506  FY2114  FY2115 $146,816 $155,625  FY2116 $164,962  FY2117 $174,860 $42,316,175 $44,855,146 $37,234,103 $39,494,018  FY2118 $185,352  $116,292 $123,270 $130,666  $28,142,673 $29,831,234 $31,621,108 $33,518,374 $35,529,477 $37,661,245 $39,920,920 $24,649,488 $26,145,583 $27,732,483 $29,415,700 $31,201,079 $33,094,821 $35,103,504 $62,492,101 $65,985,286 $69,670,937 $73,559,562 $77,662,236 $81,990,634 $86,557,058  $28,142,673 $29,831,234 $31,621,108 $33,518,374 $35,529,477 $37,661,245 $39,920,920 $91,374,474 $96,456,546 $24,649,488 $26,145.583 $27,732,483 $29,415,700 $31,201,079 $33.094,821 $35,103.504 $42,316,175 $44,855,146 $65,985,286 $69,670,937 $73,559,562 $77,662,236 $81,990,634 $86,557,058 $91,374,474 $37,234.103 $39,494.018  $96,456,546 $101,817,673 $5,082,072 $5,361,127  $3,493,185 $3,685,651 $3,888,625 $4,102,674 $4,328,398 $4,566,424  $4,817,416