They are the result of calculations That the state auditor provides us and they have been reviewed by the state auditor So at this point in time they are fully validated The operating levies have gone down for residential and commercial due to the growth in reassessment The debt levy stays the same There is a recoupment levy that flows from last year In which we did a recoupment on commercial property and we divided that to flow over two years We applied it to last year Recently I say back this summer the state auditor Advises that they wanted to revise a number in our calculation and It lowered the commercial Recoupment number and actually created a negative recoupment In the residential levy, so it's actually lowering the residential levy So you can see these are the proposed rates For this coming year at the bottom line This is how they compared to last year the residential rate overall is down 34 and a half cents the commercial rate is down 20 cents These are how rates have fallen through time as assess value rises the rates fall the blue line blue bars being residential continue to fall the lowest Number on the graph is two dollars and seventy five cents. That is actually a floor rate That if we reach that point the rate will not fall any further That could have happened With the next reassessment or the one following we're very likely to get to that point The debt service levy has been stable for the third year in a row We lowered it three years ago as due to the inflow of funds being greater than what we needed to service the debt In regards to amounts building collected Our collections usually fall a little shy of what's been built Due to protested taxes and the resolution of those protests So this is the history of that This is how our revenue is growing by source the blue the green bar being new construction the blue bar being reassessment and CPI and personal property Does its own thing? So you can see in 2025 we're seeing strong new construction and strong reassessment numbers I'd like to remind you about what the tax incentives are TIF projects currently cost the district around five hundred and thirty thousand dollars and other Abatements that come from chapter 100 and chapter 353 cost us about two million dollars eventually as these Abatements reached the end of their life.

That is actually a floor rate That if we reach that point the rate will not fall any further That could have happened With the next reassessment or the one following we're very likely to get to that point The debt service levy has been stable for the third year in a row We lowered it three years ago as due to the inflow of funds being greater than what we needed to service the debt In regards to amounts building collected Our collections usually fall a little shy of what's been built Due to protested taxes and the resolution of those protests So this is the history of that This is how our revenue is growing by source the blue the green bar being new construction the blue bar being reassessment and CPI and personal property Does its own thing? So you can see in 2025 we're seeing strong new construction and strong reassessment numbers I'd like to remind you about what the tax incentives are TIF projects currently cost the district around five hundred and thirty thousand dollars and other Abatements that come from chapter 100 and chapter 353 cost us about two million dollars eventually as these Abatements reached the end of their life. We'll see some tax growth from that We also are carrying some voluntary rollbacks that were applied starting or after the 2019 tax rate increase and I wanted to confirm that those are still in existence Are the shows that our voter approved rate ceiling is four dollars and fifty one cents We have an operating rate ceiling I call the 451 kind of a hard ceiling and then we have our annual rate ceiling Which is more of a soft ceiling and then you can see the rates that we're living there on the bottom line these are just Operating allow these they do not include the debt service levy That's the conclusion of my presentation Will be setting the rates during the open meeting as we've presented here in this hearing Any questions or comments Are there any public comments?

So you can see in 2025 we're seeing strong new construction and strong reassessment numbers I'd like to remind you about what the tax incentives are TIF projects currently cost the district around five hundred and thirty thousand dollars and other Abatements that come from chapter 100 and chapter 353 cost us about two million dollars eventually as these Abatements reached the end of their life. We'll see some tax growth from that We also are carrying some voluntary rollbacks that were applied starting or after the 2019 tax rate increase and I wanted to confirm that those are still in existence Are the shows that our voter approved rate ceiling is four dollars and fifty one cents We have an operating rate ceiling I call the 451 kind of a hard ceiling and then we have our annual rate ceiling Which is more of a soft ceiling and then you can see the rates that we're living there on the bottom line these are just Operating allow these they do not include the debt service levy That's the conclusion of my presentation Will be setting the rates during the open meeting as we've presented here in this hearing Any questions or comments Are there any public comments? No, okay Okay, well, thank you So Chris we can move that we adjourn this tax rate hearing