11/9/09 - New Appropriation History Chart -scroll down to see

Project Budget

Administration

Architecture & Engineering

Construction

Furnishings & Equipment

Miscellaneous

Owner's Contingency

Total Project Budget

Ineligible and Excluded Items

Waste Water Treatment

Site Improvements

Additional Contingency

Asbestos Abatement

Permits, Moving & Storage, Other

Total Ineligible and Excluded

Grant Eligible Costs

Total MSBA Grant (40%)

Wayland’s Share of Total Project Budget

Detail of Total Proposed Project Budget -

as approved by MSBA on 9/30/09

During Construction Period

(FY 2011 to FY2012)

Greatest One-Year Impact

(FY2013)

5 Yrs Following Full Bond Issuance

(FY 2013 to FY2017)

Over The Life of the Bonds

(FY2011 to FY2037)

Avg. Annual % Impact on Tax Rate (note 2)

2.79%

6.22%

5.98%

4.54%

Avg. Annual Per $100K of Home Value

$46

$102

$98

$74

Avg. Annual Per Average Home Value @ $650K

$296

$661

$636

$483

Incremental Property Tax Impact Metrics (note 1)

Source:  Finance Committee 10-19-09

Notes:

1. (1) Long-term bonds will be issued annually during construction at an estimated composite interest rate of 3.5%. These bonds will be repaid or amortized over 25 years.  Model assumes $10M issued in FY11, $20M issued in FY12 and $15.5M issued in FY13 totaling $45.15M in bonds.
   

2. (2)FY10 tax rate is $16.37 per $1,000 of assessed value.
   

3. (3)The Community Preservation Assessment (CPA) surcharge of 1.5% on property tax amounts in not included above.

Recap of Appropriation History

Note from the HSBC:  The “Avg. Annual % Impact” is expressed as a percentage of the 2009 tax bill;  for example, the annual % impact in FY2013 is 6.22% of the 2009 tax bill, not the 2013 tax bill.

Link to the Finance Committee’s WHS Tax Impact Analysis here.