Good everyone, welcome to the country modern.

Before we get out of it, we do have a path of masking to read.

While thank dollars have a measurable amount of personal pounds of millions of dollars of damage for that country, including in the first country, and we'll start from how it's going to have a plan for banking and other and we'll have to look at uh metal for them and not everyone, a function type of blood bottom and a company both amount of dead travelers for the whole night.

Now therefore, I like to live in that contract on behalf of the city contact and the city of cooking.

Oh by working the game we do the world that the season but all you want to look at people to agree if we can usually what the firm and tell them how to make the right food we can look at that again after most of the time and now I can come up and have the point and the top and now we just wanted to find it every one a little bit more three what we anticipate for the 450 which would be not first reading supposed to be a sample okay so the first slide is how how do we find our functions we both say the actual photos that are 1500 things will be around 10 million dollars we can find out a five and four percent so that a couple uh 2000 so our total pushing cost is about 10 point four million and then how do we decide what is time and we know that we got it for we have to pass through the PC for that gets reduced with committed funding to put in fast we've committed the game money that was present and then more recently said 26 we've decided to just use unbound to every 10.4 million dollars includes the only as a property cap code for 5.7 of that so about 55% of our person has to be pressed actually um then it's closely that we are maintaining that weight because the same story that I think uh already is going up already increase is practically the same amount of U.

So this case that last year we asked for a total we have 8 million 459 because we're asking for a total of 8 million 984 and how do you calculate the weight you start with the ready that you're asking for and then you have to know what is my ED reminding the student does not set the rate that is the kind of code but we can only activate and no estimating lady from the 876 million up to 931 million.

That is about 6.2% is exactly where you can take the level divide by the EAD multiply by 500 and that's the weight to actually my map is the weight can be done by a five hundred weight if we write out five different soft things about that.

Okay.

Um what do we know um we ready to bind and public library and and our weight if we uh close to what they were you're both bind or because of the boundary goes down weight goes out because they're in three to look at more close to the time and the library we can look at the time.

Second time is what we are proposing to put on the class study this year and then the increase.

And again, agribate means anything that's not bind and basically five percent to this tension and physical library.

Because the sum of those three exceeds five percent value, that's what could be content.

In total, it's going up the same way as our EAD, not quite other types of body.

Um decision.

Many people think it's you know this is what I always pay on the path and just um the rate is is not really so much time.

Um just clarify and something but again, is when you say EID and you said that the the county is the one responsible to dynamic.

That's a value of home.

I think most things are including a home is a wrestling.

So I just want to know that what that EID stands for, so we can see for I think but everyone else.

It's the equilibrium test value as a fine just like the thing itself, making improvement is coming on.

If you didn't buy it with uh what you need um this you are in this and poverty type by the time's website and wrong um the the big thing about our level is the school district that almost sixty percent, the city and I don't know how far after what about fifteen percent, sixteen percent of repair the time and then it's competitive time is the concept of the system uh my line has to fall off.

But um the city is just a small piece of the country.

So I'm not talking about all the time, it's just that is a capital that is the city.

Um so this is an example to show uh the the property value in and the other just because we feel sixty thousand dollars is a home three years ago today that the phone might have a method value, let's say, at a hundred and fifty thousand, if you kinda have to say, well, where's my EAV for a hundred and fifty thousand dollar form might have an EAV of forty-four thousand if you lose the point of whether the owner of the code or what is the five thousand uh in some things with the time and my example just the things that you uh do have any home.

Um so I use the 150,000 example.

Based on my optimal, which is not I'm not we're not gonna stop it any week, but if you have a hundred and fifty thousand dollar phone with a forty-four thousand dollar EAD, you'll be cut and then what we are proposing would go up twenty-five dollars.

Um I think this is kind of a good indicator to say if you live in a $250,000 phone, we are thinking you need to pay $44,000, almost $45 more.

And then the debt that we have on three up and bonds.

So that includes the presentation.

So um I think the most important thing they need to do not be uh unfunded down.

So we can it is I think the reason uh I think the many of us are going to vote to this maybe what we have because even though it is increasing the weight was an increase and that even buy so they don't know that the reason we can is because of that anything, but we have to make that rate of some thing.

This is not a problem that we created, the problem that we have to handle and I think the fact that uh we have 55% of just expanding the pension bar in the large amount, it's a fence then big basically to whatever would be a good thing to so I just wanted to point that out.

So it's a large amount, it's still a fence then if they get those three to whatever would be a good thing for a tree.

So I just wanted to point that out.

What is a one-funded bank?

It doesn't take I believe I just made this up and get the state.

You're absolutely right.

The unfunded personality is not looking to go down and you just put it from water back in and so presentation.

But we can expect personal benefits to almost the double of the 10 years.

And it's pretty benefit how we're going to have to make contributions that keep up with that place.

So to uh do that on the uh it's uh ten point four million dollar obligation to place the five pumpkin just to have 5.7 is on property taxes.

That means we're taking 4.7 million dollars of other funds available to put me towards policy power pensions to try to keep property taxes very flat, and that's what we've been doing.

Um that's 4.7 million dollars that is cannibalized in other departments.

That could be used for the other department.

Um, but we are utilizing our money to try our best to keep property taxes quiet.

And previous administrations and taxes and some of these are done here have done a really great job about trying to keep property taxes quiet, and we've been dumping money from general fund in the property taxes.

So that's interesting.

Um question for the taxpayers is recognized and hard to do because again it's gone up we can buy a pension obligation is gone up by a half million dollars in the that's what it's trying to become the letters up in there.

So I mean you can obviously now we're gonna have to figure out another two and a half million dollars just to put into patients by a pension.

So do we have three services, two and a half million dollars?

And if so, what's the services we want to pay?

Or do we have to have our weight increase with property taxes pay for that?

That's the only question.

There's only two options.

There is no third option of not doing it.

We have to pay the PC5 pensions.

There's no way to go away from that.

Um is what the other taxpayer out there about my property taxpay, I live in a house that's paid off and I still have to pay rent.

I have to pay property taxes a little.

But with the study, it's only 15% of the payroll.