DEBT SERVICE

Principal L ong-Term Debt Service as of June 30, 2021:

Addison Wayfinder Experience No Current Loans or Bond Notes.

Ferrisburgh Central School Three current Bond Notes with Principal Balances of $10,000, $750,000, and $380,000. These notes mature in November 2021, November 2030, and November 2027 respectively.

Vergennes Elementary School No Current Loans or Bond Notes.

Vergennes Union High School One current Bond Note with a Principal Balance of $1,960,000. This note matures November 2034.

Addison Northwest District One Performance Contract Bond Note with a Principal Balance of $7,630,000. This note matures November 2038.

Long Term Debt Principal Balances ANWSD

ANWSD Performance Vergennes Middle/High Vergennes Elementary

Ferrisburgh Central School AWE Program

Fy23 Calculations For Proposed Budget

Our Total Local Education Spending amount of $18,532,368.64 is the first and only figure used in calculating our union tax rate that we have control over. The other components in the formula are estimates supplied by the State of Vermont.

**All figures used in calculations are subject to changes by the State Legislature**

The estimated union tax rate is divided by each town’s Common Level of Appraisal (CLA) as set by the Vermont Department of Taxes to determine each town’s tax rate. The school district is not responsible for these calculations.

The Forecasted Homestead Tax Yield for this estimate is based on the original forecast given by the State of Vermont. There is legislation moving through committees now, that may approve a yield as high as $13,846. If this amount is approved, the union tax rate could drop as low as 1.4669.