Webster CSD 2024-25 Property Tax Levy Formula Total Real Property Tax Levy for Fiscal Year 2023-24 Tax Base Growth Factor as a Percentage Tax Base Growth Factor, in dollars PILOTS receivable in 2023-24, estimated Sub total – Property Tax Levy, Growth Factor and PILOTS Capital Tax Levy for 2023-24 Sub total – subtracting Capital Tax Levy
2023-24 $116,715,635) 0.0096 $1,120,470) $1,250,000) $119,086,105) $3,452,168) $115,633,937)
2024-25 $119,571,960) 0.0102 $1,219,634) $1,250,000) $122,041,594) $2,964,185) $119,077,409)
Allowable Levy Growth Factor (CPI Index) Sub total – multiplying Allowable Levy Growth Factor PILOTS receivable in 2024-25, estimated Sub total – Property Tax Levy Limit Before Exclusions Tax Levy Necessary for Expenditures from Tort Orders/Judgements Capital Tax Levy for 2024-25 Tax Levy Necessary for Pension Contribution Expenditures over 2 % - TRS Tax Levy Limit, Plus Exclusions
2.00% $117,946,616) $1,250,000) $116,696,616) $0) $2,964,185) $0) $119,660,800)
2.00% $121,458,957) $1,250,000) $120,208,957) $0) $3,375,382) $25,295) $123,609,634)
Proposed Tax Levy for 06/30/2024
$119,660,800 Increase in $ % Increase
$123,609,634 $3,948,834 3.30%
Webster Capital Exclusion Calculation 2023-24
Webster BOCES Capital Exclusion and Pension Exclusion Calculation 2024-25
Building Debt Service
($
11,802,400)
2023-24 BOCES
Bus Debt Service
($
1,760,500)
Rent
$362,249
$240,533
$121,715
BOCES Capital Debt
($
780,165)
Capital
$417,917
$277,497
$140,420
Transfer to Capital
($
100,000)
$780,165
$518,030
$262,136
Total Debt Service
($
14,443,065) 2024-25 Projected BOCES
Building Aid Calculation
SA151-6
($
9,913,944)
Lead Testing Reduction
SA151-6
($
(9,960)
Building Condition Survey
SA151-6 ($
9,903,984)
Transportation Estimated Output Report Line 60
($
1,494,860)
Estimated Aid Ratio (Per Governor's Run)
0.707
Transportation Capital Aid
($
1,056,866)
BOCES Estimated Capital Debt
($
780,165)
Estimated Aid Ratio (Per Governor's Run)
0.666
Cost
Local Share
Aid
Local Share
$465,660
$301,282
$164,378
Capital
$315,013
$203,813
$111,200
$780,673
$505,095
$275,577
Pension Exclusion Calculation Current Year (2023-24) ERS Rate
0.1310
Next Year (2024-25) ERS Rate
0.1520
ERS Increase/Decrease
0.0210
Base Exclusion
0.0200
Excludable Portion
0.0010
BOCES Capital Aid
($
518,030)
Total Aid
($
11,478,880)
2024-25 Projected ERS Salary Base
Total Exclusions
($
2,964,185)
Tax Levy Pension Exclusion
Webster Capital Exclusion Calculation 2024-25 Building Debt Service ($ Bus Debt Service ($ BOCES Capital Debt ($ Transfer to Capital ($ Total Debt Service ($
9,885,525) 1,781,239) 780,673) 100,000) 12,547,437)
Building Aid Calculation Lead Testing Reduction Building Condition Survey Total Building Aid
($ ($
7,816,340) (1,500) $7,814,840)
Transportation Estimated Output Report Line 60 Estimated Aid Ratio (Per Governor's Run) Transportation Capital Aid
($ ($
1,231,386) 0.692 852,119)
BOCES Estimated Capital Debt Estimated Aid Ratio (Per Governor's Run) BOCES Capital Aid
($ ($ ($
780,673) 0.647) 505,095)
Total Aid Total Exclusions
($ ($
9,172,054) 3,375,382)
($
Aid
Rent
$-
Total Building Aid
Cost
$25,294,540 $25,295
Principal and Interest (Bonds)
Year
$ 47.8 million Refinanced
$16 M, 2006 First Borrowing
$29 M, 2006 Borrowing #2
$6 M, 2010 Turf Project
$12,953,473 Project with
Additions/Renovations
Additions/Renovations
Additions/Renovations
Additions/Renovations
$3,238,368 Capital Reserve
Issued May 2014
Issued October 2008
Issued 10/01/2009
Issued 10/15/2010
Issued May of 2016
Final Payment June 15, 2024
Final Payment Oct 1, 2022
Final Payment Oct 1, 2023
Final Payment Oct 15, 2024
Final Payment June of 2031
Principal
Principal
Principal
Principal
Principal
Interest
Interest
Interest
Interest
Interest
2017 - 2018
$2,555,000
$693,500
$1,225,000
$309,150
$2,095,000
$466,875
$445,000
$101,988
2018 - 2019
$2,685,000
$565,750
$1,255,000
$256,550
$2,185,000
$402,763
$460,000
$91,788
$445,000
$345,900
2019 - 2020
$2,815,000
$431,500
$1,295,000
$205,550
$2,120,000
$345,875
$475,000
$80,100
$455,000
$332,550
2020 - 2021
$2,960,000
$290,750
$1,335,000
$152,950
$2,200,000
$288,725
$455,000
$79,244
$475,000
$314,350
2021 - 2022
$905,000
$142,750
$1,375,000
$98,750
$2,300,000
$216,838
$480,000
$65,094
$490,000
$300,100
2022 - 2023
$950,000
$97,500
$1,425,000
$35,625
$2,355,000
$131,625
$500,000
$45,494
$515,000
$275,600
2023 - 2024
$1,000,000
$50,000
$2,415,000
$42,650
$525,000
$28,447
$535,000
$255,000
$535,000
$10,700
$560,000
$228,250
2025 - 2026
$590,000
$200,250
2026 - 2027
$620,000
$170,750
2027 - 2028
$650,000
$139,750
2028 - 2029
$680,000
$107,250
2029 - 2030
$715,000
$73,250
2030 - 2031
$750,000
$37,500
$7,480,000
$2,780,500
2024 - 2025
Total
$11,315,000
$1,578,250
$6,685,000
$749,425
$13,575,000
$1,428,476
$3,430,000
$400,867
Principal and Interest (Bonds)
Year
$43,539,223 Project with
$69,500,000 Project with
$1,612,000
$1,663,000
$1,566,000
Additions/Renovations
Addiions/Renovations
2019-20 Buses
2020-21 Buses
2021-22 Buses
Issued June of 2019
Issued June of 2019
Issued 10/30/19
Issued 10/30/20
Issued 10/15/2021
Final Payment June of 2040
Final Payment June of 2043
Final Pmt. 10/15/24
Final Pmt. 10/15/25
Final Pmt. 10/15/26
Principal
Principal
Principal
Principal
Principal
Interest
Interest
Interest
Interest
Interest
2017 - 2018 2018 - 2019 2019 - 2020
$550,000
$448,750
2020 - 2021
$714,223
$1,288,801
2021 - 2022
$1,665,000
$1,841,450
2022 - 2023
$1,745,000
$1,762,225
2023 - 2024
$1,825,000
$1,679,175
2024 - 2025
$2,100,000
$1,049,450
2025 - 2026
$2,160,000
2026 - 2027 2027 - 2028
$292,000
$56,310
$450,000
$320,000
$31,575
$308,000
$46,810
$240,000
$800,000
$325,000
$24,313
$330,000
$23,800
$291,000
$38,929
$1,220,000
$2,227,050
$330,000
$15,300
$335,000
$17,150
$310,000
$22,269
$2,350,000
$3,052,125
$345,000
$5,175
$340,000
$10,400
$315,000
$17,375
$977,600
$3,340,000
$2,869,488
$350,000
$3,500
$320,000
$10,825
$2,225,000
$903,050
$3,490,000
$2,717,638
$330,000
$3,713
$2,300,000
$825,550
$3,655,000
$2,558,925
2028 - 2029
$2,365,000
$744,900
$3,815,000
$2,392,663
2029 - 2030
$2,450,000
$661,450
$3,990,000
$2,219,100
2030 - 2031
$2,540,000
$574,350
$4,175,000
$2,037,525
Total
$21,829,223
$16,243,801
$29,735,000
$17,392,285
$1,550,000
$96,275
$650,000
$1,685,000
$103,232
$1,666,000
$100,932
Principal and Interest (Bonds)
Year
$1,687,500
$1,600,000
2022-23 Buses
2023-24 Buses
Issued 10/18/2022
Issued 10/18/2023
Final Pmt. 10/15/26
Final Pmt. 10/15/26
Principal
Principal
Interest
Interest
2020 - 2021 2021 - 2022 2022 - 2023 2023 - 2024
$307,500
$94,538
2024 - 2025
$330,000
$48,600
$280,000
$89,689
2025 - 2026
$340,000
$35,200
$315,000
$46,500
2026 - 2027
$350,000
$21,400
$325,000
$23,700
2027 - 2028
$360,000
$7,200
$335,000
$20,500
$345,000
$6,900
$1,600,000
$187,289
2028 - 2029 2029 - 2030 2030 - 2031 Total
$1,687,500
$206,938
$0
$0
$0
$0