Webster CSD 2023-24 Property Tax Levy Formula Total Real Property Tax Levy for Fiscal Year Ending 06/30/2023 Tax Base Growth Factor as a Percentage Tax Base Growth Factor, in dollars PILOTS receivable in 06/30/2023, estimated Sub total – Property Tax Levy, Growth Factor and PILOTS Capital Tax Levy for 06/30/2023 Sub total – subtracting Capital Tax Levy
2022-23 $114,581,619) 0.0109 $1,248,940) $1,250,000) $117,080,559) $4,123,338) $112,957,221)
2023-24 $116,715,635) 0.0096 $1,120,470) $1,250,000) $119,086,105) $3,452,168) $115,633,937)
Allowable Levy Growth Factor (CPI Index) Sub total – multiplying Allowable Levy Growth Factor PILOTS receivable in 06/30/2024, estimated Sub total – Property Tax Levy Limit Before Exclusions Tax Levy Necessary for Expenditures from Tort Orders/Judgements Capital Tax Levy for 06/30/2024 Tax Levy Necessary for Pension Contribution Expenditures over 2% Tax Levy Limit, Plus Exclusions
2.00% $115,216,365) $1,250,000) $113,966,365) $0) $3,452,168) $0) $117,418,534)
2.00% $117,946,616) $1,250,000) $116,696,616) $0) $2,964,185) $0) $119,660,801)
Proposed Tax Levy for 06/30/2024
$116,818,533 Increase in $ % Increase
$119,660,801 $2,842,268 2.43%
Webster Capital Exclusion Calculation 2022-23 Building Debt Service
($
10,878,069)
2022-23
Bus Debt Service
($
1,717,454)
Rent
$367,648
$244,854
$122,794
BOCES Capital Debt
($
2,653,410)
Capital
$419,757
$279,558
$140,199
Transfer to Capital
($
100,000)
$1,866,005
$1,171,052
$694,953
Total Debt Service
($
15,348,933)
$2,653,410
$1,695,464
$957,946
Additional Project 2nd Payment
Aid
SA151-6
($
9,220,768)
Lead Testing Reduction
SA151-6
($
(25,000)
Rent
$362,249
$240,533
$121,716
Building Condition Survey
SA151-6
($
(66,600)
Capital
$417,917
$277,497
$140,420
Total Building Aid
($
9,129,168)
$780,166
$518,030
$262,136
Transportation Estimated Output Report Line 60
($
1,512,176)
Transportation Capital Aid
($
1,072,133)
BOCES Estimated Capital Debt
($
2,653,410)
BOCES Capital Aid
($
1,695,464)
Total Aid
($
11,896,765)
Total Exclusions
($
3,452,168)
Webster Capital Exclusion Calculation 2023-24 Building Debt Service ($ Bus Debt Service ($ BOCES Capital Debt ($ Transfer to Capital ($ Total Debt Service ($
11,802,400) 1,760,500) 780,166) 100,000) 14,443,065)
Building Aid Calculation Lead and Metal Detectors Reduction
BT 222 SA151-6
($ ($
9,913,944) (9,960)
Building Condition Survey Total Building Aid
SA151-6
($ ($
- ) 9,903,984)
Transportation Estimated Output Report Line 60 Estimated Aid Ratio (Per Governor's Run) Transportation Capital Aid
($ ($
1,494,860) 0.707 1,056,866)
BOCES Estimated Capital Debt Estimated Aid Ratio (Per Governor's Run) BOCES Capital Aid
($ ($ ($
780,166) 0.664) 518,030)
Total Aid Total Exclusions
($ ($
11,478,880) 2,964,185)
0.709
Estimated Aid Ratio (Per Governor's Run)
0.666
Cost
Local Share
Building Aid Calculation
Estimated Aid Ratio (Per Governor's Run)
2023-24
Cost
Aid
Local Share
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
$1,550,000
$1,612,000
$1,663,000
Additions/Renovations
Addiions/Renovations
2018-19 Buses (#29)
2019-20 Buses
2020-21 Buses
Issued June of 2019
Issued June of 2019
Issued 12/20/18
Issued 10/30/19
Issued 10/30/20
Final Payment June of 2040
Final Payment June of 2043
Final Pmt. 10/15/23
Final Pmt. 10/15/24
Final Pmt. 10/15/25
Principal
Principal
Principal
Principal
Principal
Interest
Interest
Interest
Interest
Interest
2017 - 2018 2018 - 2019 2019 - 2020
$400,000
$600,000
$285,000
$40,180
2020 - 2021
$714,223
$1,288,801
$305,000
$23,863
$292,000
$56,310
2021 - 2022
$1,665,000
$1,841,450
$650,000
$450,000
$315,000
$17,663
$320,000
$31,575
$308,000
$46,810
2022 - 2023
$1,745,000
$1,762,225
$240,000
$800,000
$320,000
$10,913
$325,000
$24,313
$330,000
$23,800
2023 - 2024
$1,825,000
$1,679,175
$1,220,000
$2,227,050
$325,000
$3,656
$330,000
$15,300
$335,000
$17,150
2024 - 2025
$1,915,000
$1,592,325
$3,500,000
$2,370,535
$345,000
$5,175
$340,000
$10,400
2025 - 2026
$2,005,000
$1,501,175
$4,250,000
$2,378,140
$350,000
$3,500
2026 - 2027
$2,105,000
$1,405,725
$3,700,000
$2,218,305
2027 - 2028
$2,205,000
$1,305,500
$3,630,000
$2,079,435
2028 - 2029
$2,300,000
$1,200,500
$3,765,000
$1,943,290
2029 - 2030
$2,415,000
$1,090,975
$3,910,000
2030 - 2031
$2,535,000
$975,950
$4,055,000
$1,655,430
Total
$21,829,223
$16,243,801
$29,735,000
$17,392,285
$1,550,000
$96,275
$1,802,080 $1,685,000
$103,232
$1,666,000
$100,932
Principal and Interest (Bonds)
Year
$1,566,000
$1,687,500
2021-22 Buses
2022-23 Buses
Issued 10/15/2021
Issued 10/18/2022
Final Pmt. 10/15/26
Final Pmt. 10/15/26
Principal
Principal
Interest
Total Construction Debt
Total Bus Debt
Principal And Interest
Principal and Interest
Interest
2020 - 2021 2021 - 2022
$10,554,043
$1,708,373
$10,979,982
$1,763,148
$10,878,069
$1,387,526
2022 - 2023
$291,000
$38,929
2023 - 2024
$310,000
$22,269
$307,500
$94,538
$11,802,322
$1,760,413
2024 - 2025
$315,000
$17,375
$330,000
$48,600
$10,711,810
$700,575
2025 - 2026
$320,000
$10,825
$340,000
$35,200
$10,924,565
$353,500
2026-2027
$330,000
$3,713
$350,000
$21,400
$10,219,780
$0
$360,000
$7,200
$10,009,685
$0
$1,687,500
$206,938
2027 - 2028 Total
$1,566,000
$93,111
$0
$0
$0
$0