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N O V4 1991 BOOK 48 PA F J0 4 <br />Finance Officer Barton announced that the Board this <br />evening is asking a 9.7% increase over rollback to fund the <br />General Fund. He informed the Board that he has a <br />presentation he would like to go through as to exactly what <br />rollback is and try to make it clear to those present that <br />this is the increase which applies to residents who were <br />living here last year, not including any new construction. <br />Mr. Barton then proceeded to go over the following figures <br />in detail to explain the increase in percentage as applied <br />to rollback: <br />GENERAL FUND <br />1981 Effective Taxable Value 1,994,698,270 / <br />less - 1981 New Construction (128,672 872) <br />Common Base Value 1, ,025,39 <br />1980 Total Taxable Value 1,639,311,975 <br />Increase assessments between 1980 & 1981 22;-,-71-3-,4-23 <br />% Increase between 1980 & 1981 13.83% <br />1980 Tax Collections 4,520,354 <br />- 1981 Common Base Value 1,866,025,398 <br />= Rollback Millage 2.39676 Mills <br />Proposed 1981 Millage 2.61502 <br />Rollback Millage 2.39676 <br />Difference 0.2182 <br />-67 <br />% Increase over rollback 9.11% <br />Proposed 1981 Collections 5,216,170 <br />less 1981 New Construction (336,482) <br />\djusted 1981 Base 4,979,688 <br />980 Actual Collections 4,520,354 <br />Difference 359,33 <br />% Increase of last year 7.95% <br />5 <br />