1/15/2003
29
Operating Referendum
–
–The Process (continued)
–  450
–2,000
–250,000,000
–Resident Marginal Cost Pupil Units
–Referendum Market Value
–900,000
–Referendum Allowance
–The First Tier: 
–    *             =
–252,000
–126
–    -             =
–The Second Tier: 
–324
–    *             =
–648,000
–First Tier Levy: 
–    *  (                  /   476,000 ) =                
–/                             =
–Ref Market Value Per Pupil: 
–125,000
–66,176
–Second Tier Levy: 
–    *  (                  /   270,000 ) =                
–300,000
–Total Levy: 
–    +                =
–366,176
–Total Aid: 
–    -                  =
–533,824
–Levy/Aid Split Percent: 
–  40.7%
–59.3%
–125,000