Three Year Comparison Provided by the Department of Education
							Estimates
Montpelier		Act 68
		FY2005	FY2006		FY2007		FY2008
Locally adopted budget		$12,514,735	$12,845,958		$13,472,674		$14,150,759
Block grant paid by State to tech center	+	not applicable	not applicable		not applicable		not applicable
Special expenditures (federal dollars, restricted grants, etc.)	+	$604,416	$591,540		$492,685		$507,217
Locally warned budget		$13,119,151	$13,437,498		$13,965,359		$14,657,976
1.  Separately warned article passed at town meeting	+	-	$61,214		$57,335		-
Act 68 locally adopted or warned budget		$13,119,151	$13,498,712		$14,022,694		$14,657,976
Prior deficit reduction	+
Gross Act 68 Budget		$13,119,151	$13,498,712		$14,022,694		$14,657,976
Local revenues	+	$2,101,668	$2,298,140		$2,355,911		$2,404,490
Capital debt aid	+	-	-
Special program revenues	+	$604,416	$591,540		$492,685		$507,217
Total revenues		$2,706,084	$2,889,680		$2,848,596		$2,911,707
Fund raising, if any (included in line 15)	-	-	-
Adjusted local revenues		$2,706,084	$2,889,680		$2,848,596		$2,911,707
Education Spending (Act 68 definition)		$10,413,067	$10,609,041		$11,174,098		$11,746,269
Equalized Pupils		1,113.35	1,074.38		1,065.87		1,058.39
Education Spending per Equalized Pupil		$9,353	$9,875		$10,484		$11,098
Less eligible construction costs (or P&I) per equalized pupil	-	283.64	279.90		265.89		258.49
		$10,889	$11,347		$11,728		$12,575
Excess Spending per Equalized Pupil over threshold (if any)	+	-	-		-		-
Per pupil figure used for calculating District Adjustment		$9,353	$9,875		$10,484		$11,098
District spending adjustment (minimum of 100%)		137.543%	141.571%		143.022%		143.46%
($11,098 / $7,736)		$6,800	$6,975		$7,330		7736*
Anticipated homestead tax rate, equalized		$1.444	$1.444		$1.359		$1.291
(143.46% x $0.90)		based on $1.05	based on $1.02		based on $0.95		based on $0.90*
Common Level of Appraisal (CLA)		102.58%	92.96%		82.96%		70.94%
Estimated homestead tax rate, actual		$1.408	$1.553		$1.638		$1.820
($1.291% / 70.94%)		based on $1.05	based on $1.02		based on $0.95		based on $0.90*
Household Income Percentage for income sensitivity		2.61%	2.62%		2.57%		2.58%
(143.46% x 1.80%)		based on 1.9%	based on 1.85%		based on 1.80%		based on 1.80%*
							* Subject to Legislative approval