Debt Exclusion 2008-2009 Impacts

Seekonk Talks

This forum is a place to discuss all things Seekonk. We are not affiliated with the Town of Seekonk.
HomeGalleryRegisterLog in
December 2017
SunMonTueWedThuFriSat
     12
3456789
10111213141516
17181920212223
24252627282930
31      
CalendarCalendar
Newspapers

Share | 
 

 Debt Exclusion 2008-2009 Impacts

View previous topic View next topic Go down 
AuthorMessage
tombenoit
Senior Moderator
Senior Moderator


Posts : 91
Join date : 2009-01-19
Age : 68
Location : South Seekonk

20090128
PostDebt Exclusion 2008-2009 Impacts

I have received the debt exclusion schedule from Bruce Alexander (Finance Director) and uploaded it. You can see it by going to this link ( Debt Exclusion Table) It is a PDF documents and I have added some totals and calculations to the original document to assist. There are a couple of points that should get your interest.

1) The school projects have reimbursement dollars. This serves to lower the total impact of debt exclusions on the property taxes.

2) North School was paid off last year. However; you will notice that there is a $150,618 reimbursement this year. That should continue for a few more years. The effect is that the total debt exclusion impact on taxes will be lower by that amount for the next few years and then increase.

3) The effect of the school projects is reduced by the reimbursements.
(NOTE: There is NO GUARANTEE that the state will continue these
although they have never, to my knowledge, stopped paying
once the reimbursements have started. These times are
different though. Who knows what will happen.)

4) The impact of debt exclusion is the TOTAL NET for the year.

Feel free to ask any questions and or comments
Back to top Go down
View user profile

 Similar topics

-
» Put a Dent in Your Debt Sweepstakes *ABA-accredited law schools only*
» Selenium RC with Google Chrome on Windows server 2008
» not running selenium in windows 2008 R2 Enterprise
» Hmong Nyob THaib Noj Peb Caug 2009-2010
» 2012 Wineries Unlimited Sweepstakes
Share this post on: diggdeliciousredditstumbleuponslashdotyahoogooglelive

Debt Exclusion 2008-2009 Impacts :: Comments

No Comment.
 

Debt Exclusion 2008-2009 Impacts

View previous topic View next topic Back to top 

Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
Seekonk Talks :: Local Seekonk Topics-
Jump to:  

Free forum | © phpBB | Free forum support | Contact | Report an abuse | Free forum