Project Financing

  • Total Project Cost: $16.4 million

    State Building Aid: 68%
    Local Levy: 27%

    Capital Reserve Fund: 5%

    Building Additions vs. Alterations (percent of total cost)

    Alterations: 53% or $8,650,000
    Additions: 47% or $7,750,000

    Average Annual Taxpayer Costs per $100,000 Home 
    (assessed value, based on 85% equalization)

    Enhanced STAR with Veterans Exemption: $3.93
    Enhanced STAR: $6.81
    Basic STAR with Veterans Exemption: $10.72
    Basic STAR: $13.61
    No Exemption: $18.87