Originally posted by
gshowell:
Questions:
The spending increase is 1.34%, but the tax increase is 5.78%.
The spending increase is 1.34%. The amount to be raised by taxes increased by 5.78%. The tax rate is $14.51; last year it was $15.93 but assessments went from a 93% equalization rate to 100% Eq. rate.
Does the difference reflect the loss in state aid?
DON'T KNOW.
The 5.78% tax increase. Is that the total increase in the amount to be raised by taxes?
YES
There's three or four (I forget) taxed areas in the school district: Lancaster, Depew, Clarence, etc. Each one will see a different tax rate? Is that correct?
Yes, it's Lancaster, Cheektowaga and Elma. They will have different tax rates as each town assesses at a different Eq rate - Lancaster- 100% with a school tax rate of $14.51 a decrease of 8.9%, Cheektowaga- 62% with a school tax rate of $23.41 a decrease of less than 1% and Elma - 5% with a school tax rate of $300.86 a decrease of less than 1%.
Is it also correct that if your assessment went up, your total tax increase will be higher than the tax increase for the area you live in? (Lancaster, Depew, etc.)
If I understand your question, in Lancaster if your assessment went up 9.1% or less, you won't see an increase in taxes.
Is it also correct that if your assessment went down by less that 1% your total taxes will increase if the increase in your area (Lancaster, Depew, etc.) is higher than 1%?
Not sure I understand the question but residents in Lancaster whose assessment went down no matter how much will have a lower school tax bill than last year.
If the budget fails, will there be an increase or decrease in the total amount raised by taxes?
According to Lee's article, the tax rate in Lancaster would go down to $14.18 per thousand assessed valuation thus the amount raised by taxes must decrease.