CREDC Board Meeting December 22, 2016
CREDC Board Meeting December 22, 2016
Why Premier?
Room to learn 900 800 700 600 500
Total Enrollment
400
Capacity
300 200 100 0 South Ridge
Union Ridge
View Ridge
RHS
Where we Learn Matters School Facilities Have a Direct Impact On:
Student and Staff Health
Academic Achievement
Environmental Impact
Property Values
Four Phases Phase I: 2012 Bond
Phase II
5th grade – 8th grade School Complex Two distinct schools Shared central services for efficiency Ridgefield High School Expansion New classroom pod Security enhancements to South Ridge and Union Ridge Repurposing View Ridge Middle School Consolidating district administrative services Expanding Community Education Ridgefield Outdoor Recreation Complex *
Projected Tax Rates District
Total ($)
La Center
4.38
Ridgefield
4.47
Battle Ground
4.48
Woodland
4.55
Vancouver
4.85
Washougal
5.34
Evergreen
5.36
Camas
5.74
Hockinson
6.13
What’s My Investment? Ridgefield School District TAXPAYER COST ANALYSIS Total Project Cost: State Funding: Savings from City of Ridgefield Project: Local Bond Funding: Projected Increase in Tax Rate (per $1,000 assessed value):
Property Value $200,000 225,000 250,000 350,000 400,000 450,000 NOTE:
Gross Property Tax Increase for Bonds $154.00 173.25 192.50 269.50 308.00 346.50
$
$
98,500,000 (15,500,000) (5,035,000) 77,965,000
$0.77
Monthly Gross Increase $12.83 14.44 16.04 22.46 25.67 28.88
25%
Monthly Net Tax Increase from Bonds After Allowing for Income Tax Deduction Federal Income Tax Bracket 28% 33%
$9.63 10.83 12.03 16.84 19.25 21.66
$9.24 10.40 11.55 16.17 18.48 20.79
$8.60 9.67 10.75 15.05 17.20 19.35
Qualified lower-income senior homeowners may apply for a senior exemption. Please contact the County Assessor for more details.
39.6% $7.75 8.72 9.69 13.56 15.50 17.44
Why Premier?
Room to learn 900 800 700 600 500
Total Enrollment
400
Capacity
300 200 100 0 South Ridge
Union Ridge
View Ridge
RHS
Where we Learn Matters School Facilities Have a Direct Impact On:
Student and Staff Health
Academic Achievement
Environmental Impact
Property Values
Four Phases Phase I: 2012 Bond
Phase II
5th grade – 8th grade School Complex Two distinct schools Shared central services for efficiency Ridgefield High School Expansion New classroom pod Security enhancements to South Ridge and Union Ridge Repurposing View Ridge Middle School Consolidating district administrative services Expanding Community Education Ridgefield Outdoor Recreation Complex *
Projected Tax Rates District
Total ($)
La Center
4.38
Ridgefield
4.47
Battle Ground
4.48
Woodland
4.55
Vancouver
4.85
Washougal
5.34
Evergreen
5.36
Camas
5.74
Hockinson
6.13
What’s My Investment? Ridgefield School District TAXPAYER COST ANALYSIS Total Project Cost: State Funding: Savings from City of Ridgefield Project: Local Bond Funding: Projected Increase in Tax Rate (per $1,000 assessed value):
Property Value $200,000 225,000 250,000 350,000 400,000 450,000 NOTE:
Gross Property Tax Increase for Bonds $154.00 173.25 192.50 269.50 308.00 346.50
$
$
98,500,000 (15,500,000) (5,035,000) 77,965,000
$0.77
Monthly Gross Increase $12.83 14.44 16.04 22.46 25.67 28.88
25%
Monthly Net Tax Increase from Bonds After Allowing for Income Tax Deduction Federal Income Tax Bracket 28% 33%
$9.63 10.83 12.03 16.84 19.25 21.66
$9.24 10.40 11.55 16.17 18.48 20.79
$8.60 9.67 10.75 15.05 17.20 19.35
Qualified lower-income senior homeowners may apply for a senior exemption. Please contact the County Assessor for more details.
39.6% $7.75 8.72 9.69 13.56 15.50 17.44
