Anticipated total county revenue availability means the sum of the:
Anticipated State average revenue availability per student means the sum of all anticipated total county revenue availability divided by the average daily membership for the State.
Anticipated total county revenue availability per student means the anticipated total county revenue availability for the county divided by the average daily membership of the county.
County-adjusted property tax base per square mile means the county-adjusted property tax base divided by the number of square miles of land area in the county.
State average current expense appropriations per student means the most
Effective State average tax rate means the average of effective county tax rates for all counties.
Effective county tax rate means the actual county tax rate multiplied by a weighted average of the three most recent annual sales assessment ratio studies.
Operating Profit means the excess of Gross Revenues over the following deductions (“Deductions”) incurred by Manager, on behalf of Owner, in operating the Hotel:
Current Assessed Value means the assessed value of the District certified by the municipal assessor as of April 1st of each year that the District remains in effect.