TUTTLE SCHOOLS 2015 BOND PROPOSITION

FINANCIAL INFORMATION

                          $35,110,000.00 Series Combined Purpose Bond Issue

                        Proposition 1 - Building Construction -- $34,710,000.00

                        Proposition 2 - Transportation -- $400,000.00

                        Target Millage – 35 Mills

                        Projected Tax Increase – 9.17

                        Current Property Taxes of $1,000.00 would be $1,091.74 

                        Valuation Growth – (5% - Years 2 and 3), (3% - Years 4 and 5) 

                        No Growth in Valuation Projected Beyond Year Five of the Bond Issue

                        25 Year Average Annual Valuation Growth – 5.97%

                        5 Year Average Annual Valuation Growth – 5.82%