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The Amendments, by the Number

May 11th, 2010 by Justin_Katz

The following is based on a spreadsheet that I prepared to track the tax implications of every FTM amendment in real time at last Saturday’s meeting. As it happened, I didn’t get much use out of it, but here’s where we’ll stand at the beginning of this Saturday’s meeting.

  • First vote: Deborah Pallasch’s amendment:
    • $20,879,040 from local sources; $25,520,782 total
    • If Budget Committee recommendation holds for municipal budget: 7.07% levy increase, $15.28 tax rate, $4,704.77 average bill, $310.70 average bill increase.
    • If Town Council request wins for municipal budget: 7.88% levy increase, $15.40 tax rate, $4,740.34 average bill, $346.27 average bill increase.
    • Maximum liability (zero actual state and federal aid), with Budget Committee municipal recommendation: 22.02% levy increase, $17.41 tax rate, $5,361.54 average bill, $967.47 average bill increase.
    • Maximum liability, with Town Council request: 22.83% levy increase, $17.53 tax rate, $5,397.11 average bill, $1,003.04 average bill increase.
  • Second vote: David Nelson’s amendment:
    • $20,075,461 from local sources.
    • If Budget Committee recommendation holds for municipal budget: 4.48% levy increase, $14.91 tax rate, $4,591.07 average bill, $197.00 average bill increase.
    • If Town Council request wins for municipal budget: 5.29% levy increase, $15.03 tax rate, $4,626.64 average bill, $232.57 average bill increase.
    • No additional liability.
  • Third Vote: Bob Martin’s amendment:
    • $20,666,622 from local sources.
    • If Budget Committee recommendation holds for municipal budget: 6.39% levy increase, $15.18 tax rate, $4,674.71 average bill, $280.64 average bill increase.
    • If Town Council request wins for municipal budget: 7.20% levy increase, $15.30 tax rate, $4,710.29 average bill, $316.22 average bill increase.
    • No additional liability.
  • Fourth vote: School Committee Chairman Jan Bergandy’s amendment:
    • $20,979,030 from local sources; $25,620,772 total
    • If Budget Committee recommendation holds for municipal budget: 7.39% levy increase, $15.33 tax rate, $4,718.92 average bill, $324.85 average bill increase.
    • If Town Council request wins for municipal budget: 8.20% levy increase, $15.44 tax rate, $4,754.49 average bill, $360.42 average bill increase.
    • Maximum liability (zero actual state and federal aid), with Budget Committee municipal recommendation: 22.34% levy increase, $17.46 tax rate, $5,375.69 average bill, $981.61 average bill increase.
    • Maximum liability, with Town Council request: 23.15% levy increase, $17.57 tax rate, $5,411.26 average bill, $1,017.19 average bill increase.
  • Fifth vote: Budget Committee recommendation:
    • $20,047,961 from local sources.
    • If Budget Committee recommendation holds for municipal budget: 4.39% levy increase, $14.90 tax rate, $4,587.18 average bill, $193.11 average bill increase.
    • If Town Council request wins for municipal budget: 5.20% levy increase, $15.01 tax rate, $4,622.75 average bill, $228.68 average bill increase.
    • No additional liability.

(Note: Deborah Pallasch had intended to increase Bergandy’s request by $10, but she appears to have done the math incorrectly and ended up decreasing it by $100,000. Above data corrected accordingly at 7:13 p.m. 5/12/10.)

Posted in Tiverton

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