BONDS AND NOTES FOR LOCAL SCHOOL PURPOSES
Local School District Type (select one): Type II
1 Term Bonds $ -
2 Serial Bonds
Issued $ 76,235,000.00
Authorized but not issued $ 973.00
3 Temporary Notes
Issued $ -
Authorized but not issued $ -
4 Total Bonds and Notes $76,235,973.00
DEDUCTIONS APPLICABLE TO BONDS AND NOTES - FOR SCHOOL PURPOSES
Amounts held or to be held for the sole purpose of paying bonds and notes included above.
Sinking funds on hand for bonds shown as Line 1 but not in excess of
5 such bonds.
$
purposes other than the payment of bonds and notes included in Line
64.
$
Estimated proceeds of bonds and notes authorized but not issued where such proceeds will be used for the sole purpose of paying bonds and notes included in Line 4.
$_____
8 % of average of equalized valuations 6,719,557,422.33 4.00% 268,782,296.89
Use applicable per centum as follows:
2.50% Kindergarten or Grade 1 through Grade 6
3.00% Kindergarten or Grade 1 through Grade 8
3.50% Kindergarten or Grade 1 through Grade 9
4.00% Kindergarten or Grade 1 through Grade 12
<div style="text-align: center;"><img src="imgs/img_in_image_box_10_22_412_81.jpg" alt="Image" width="96%" /></div>
9 Additional State School Building Aid Bonds (NJSA 18A:58-33.4(d)) $ -
10 Total Potential Deduction $ 268,782,296.89
Total Allowable Deduction $ 76,235,973.00