HHH Tax Levy 2008-09 presentation.

1. Half Hollow Hills Central School District 2008- 2009 Tax Levy

2. Estimated Tax Levy May 2008 3.24% 2008-2009 Gross Tax Levy % Increase $ 5,106,086 Total Gross Tax Levy $ Increase $157,530,742 Less Gross Tax Levy: 2007-2008 $162,636,828 Gross Tax Levy: 2008-2009 (3,000,000) Less: Appropriated Fund Balance (30,551,472) Less: Estimated Revenue $196,188,300 Proposed 2008-09 Budget

3. Approved Tax Levy October 2008 2.84% 2008-2009 Gross Tax Levy % Increase $ 4,466,137 Total Gross Tax Levy $ Increase $157,530,742 Less Gross Tax Levy: 2007-2008 $161,996,879 Gross Tax Levy: 2008-2009 (3,639,949) Less: Appropriated Fund Balance (30,551,472) Less: Estimated Revenue $196,188,300 Approved 2008-09 Budget

4. 2008-09 Revenue Summary Estimated State Aid $27,198,972 13.86% Property Taxes $161,996,879 82.57% Other Revenue and Appropriated Fund Balance $6,992,449 3.57%

8. Assessed Valuation History for HHH Set by Town of Huntington Assessed Valuation

9. Assessed Valuation History for HHH Set by Town of Babylon

16. EXAMPLE cont’d: $4 per $100 AV $6 per $100 AV Tax Rate for each Town (Tax Levy / Assessed Value) x 100 $400,000 $600,000 Tax Levy to be raised from each Town 40% 60% Percent of Market Value (and, therefore, percent of levy) for each Town Market Value of School District AB = $50 million $20 million $30 million Market Value of each Town (AV/ER) 50.00% 33.33% Equalization Rate (ER) of each Town $10 million $10 million Assessed Value (AV) of each Town Town B Town A

17. Equalization Rates for Towns of Huntington and Babylon:

18. Actual Valuation History for HHH Set by Town of Huntington

19. Actual Valuation History for HHH Set by Town of Babylon

20. TRANSLATION:

22. 2007-2008 Tax Rate Comparison with School Districts in Towns of Huntington and Babylon

23. THANK YOU!