Question

District Total Budget Total Market Value Local Percent Local Amount State Percent State Amount Current Tax...

District Total Budget Total Market Value Local Percent Local Amount State Percent State Amount
Current Tax at $118.37 / $100 KP $76,152,459 ? 79.45% $60,506,427 20.55% $15,646,032
New Tax at      $120.58 / $100 $77,759,349 ? 81.25% $63,184,168 18.74% $14,575,181
Contingency Tax at $120.15 / $100 $76,523,459 ? 80.95% $61,948,278 19.04% $14,575,181
what is the total market value?
Expenditures 2009-2010 2010-2011
General Support (Administrative) $6,098,455 $6,375,982.00
Instruction (Program) $60,826,945 $62,146,412.00
Capital $9,227,059 $9,236,955.00
$76,152,459 $77,759,349.00
Business   Finance   
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Answer #1

Total market Value=Market value of local amount + market value of state amount

Market value of local amount=Local payment/local percent

Market value of state amount=State amount/state percent

Total Market Value Local Percent Local Amount State percent State Amount
152293019.2 0.79 6,05,06,427 0.21 1,56,46,032
155540908.9 0.81 6,31,84,168 0.19 1,45,75,181
153076914.6 0.81 6,19,48,278 0.19 1,45,75,181
Total Market Value 460910842.7
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