Local School District Type (select one): Type II
1 Term Bonds $ -
2 Serial Bonds
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
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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