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the financing options for the facilities. <br />Issue 42 - Budget Schedule - As for a schedule in order to meet <br />t e nea�zequ rements the following schedule is setforth: <br />Monday, October 23rd - Receive Revised Aid and Levy Limit <br />figures :rom the State <br />Monday, November 13th - New Tax Levy Preliminary Resolution <br />(regular Council mecting) <br />Wednesday, November 15th- Submit resolution to County <br />Recommend - Hold public Budget hearing <br />(Recommended date November 30, 7:00 pm) <br />Monday, December llth - Adopt Budget (Tentative) <br />Thursday, December 28th - Last day to certify to County <br />Issue 43 - Special Session IIm a�ct - Based on the new Levy Limits <br />an�Stafe Ai3-TI-gurea E e l "u Budget is currently being revised. <br />The initially projected total for the property tax levy plus <br />State Aids is equal to the newly allowed levy for property taxes <br />as theState is taking all the local State Aid from the City. <br />Pre Special Session (a) Post Special Session <br />Projected Property Tax Levy 1,413,944 1,585,546 <br />State Aids 171,600 -0- <br />1,585,544 1,585,546 <br />a.) 1990 Budget Page III <br />The impact of zhe 3.4% shift from the City to the School District <br />is as follows: <br />Orono Estimated Tax Capacity $13,848,122 <br />3.4% Shift .034 <br />Total Shift from City to School T—UTI-W <br />District <br />This shift comes from the City's Local Government Aid ol,.s its <br />Homestead and Agricultural Credit and (HACA) <br />Orono Local Government Aid $ 171,798 <br />Orono Estimated HAr!A 306,021 <br />T--Ufl-s" <br />The 'HACA" Shift is not seen by the City but would be a reduction <br />to the homeowner on the rroperty tax statement. The property <br />2 <br />