Affordability
tax-supported capital costscenario: fit inside 1mWhat the plan costs a taxpayer — which is not what it costs.
tax-supported capital cost = reserve deposits + debt service + pay-as-you-go.
Deposits are counted on the budgeted basis — switch to what the funds require. Budgeted is what is in this year's warrant; required is what the plan implies once every fund is kept solvent. Scenarios always use required.
Never gross outlay. A withdrawal from a capital reserve fund does not raise the tax rate in the year of withdrawal — the deposit did, in an earlier year. Most municipal capital plans get this wrong.
No assessed valuation has been loaded, so none of this converts to a rate per $1,000 — which is what the CIPC memo actually asks for. The stack below is in dollars. One column of data away.
Peak year
$2,532,692
FY2033
Six-year total
$13,982,017
Over the envelope
—
set an envelope below
The affordability stack
Reserve depositsDebt servicePay-as-you-go
Cost index 4.0%Bond 4.00% over 20 yrsContributions adopted, held flatReserve interest 0.0%
Year by year
| Year | Deposits | Debt service | Pay-as-you-go | Total | Envelope | Over | Rate /$1,000 |
|---|---|---|---|---|---|---|---|
| FY2028 | $1,387,175 | $0 | $72,045 | $1,459,220 | — | — | — |
| FY2029 | $1,387,175 | $1,103,726 | $8,900 | $2,499,801 | — | — | — |
| FY2030 | $1,387,175 | $1,103,726 | $6,250 | $2,497,151 | — | — | — |
| FY2031 | $1,387,175 | $1,103,726 | $11,350 | $2,502,251 | — | — | — |
| FY2032 | $1,387,175 | $1,103,726 | — | $2,490,901 | — | — | — |
| FY2033 | $1,387,175 | $1,140,517 | $5,000 | $2,532,692 | — | — | — |