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Preliminary Education Fund Outlook - Veto Session Agreement
Session Agreement • June 21st, 2017

FY2017 FY2018 Projections House Senate Conference Agreement a Base Homestead Property Tax Rate $1.000 $1.000 $1.000 $1.000 $1.000 Average Homestead Property Tax Rate $1.527 $1.520 $1.527 $1.505 $1.505 b Uniform Non-Residential Property Tax Rate $1.535 $1.555 $1.563 $1.555 $1.535 c Base Tax Rate on Household Income 2.00% 2.00% 2.00% 2.00% 2.00% Average Tax Rate on Household Income 2.70% 2.60% 2.60% 2.57% 2.57% e Property Yield Per Equalized Pupil $9,701 $10,077 $10,015 $10,160 $10,160 Income Yield Per Equalized Pupil $10,870 $11,851 $11,820 $11,990 $11,990 f Total Equalized Pupil Count 88,982 87,684 87,684 87,684 87,684 g Statewide Education Grand List Growth Rate 1.4% 1.4% 1.4% 1.4% 1.4% h Actual Statewide Education Spending Growth Rate 1.4% 3.4% 3.4% 3.4% 3.4%

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