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Article 28 - DIF - Plymouth Rubber DIF estimates ORIGINAL MODIFIED for Museum Funding Proposal pdf file
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Source page 1
Article 28 - Proposed DIF
PLYMOUTH RUBBER DIF
(1) (2) (3) (4) (5) Less Funds Cumulative Infrastructure Museum
R/E Taxes School Town Net Tax Net Increased Not Deposited Date Funds DIF Funds Bond Bond DIF Fund
FY Collected Costs Costs Revenues Tax Revenues To DIF Fund Available Collected Payments Payments Balance
5%
2017 82,793 275,000 235,000 (427,207) Base Year Annual Increase
2018 116,761 286,000 242,050 (411,289) 15,918 7/1/2018 15,918 15,918
2019 214,429 297,440 249,312 (332,322) 94,885 7/1/2019 110,804 110,804
2020 189,891 309,338 256,791 (376,238) 50,970 7/1/2020 161,774 161,774
2021 255,104 321,711 264,495 (331,102) 96,106 7/1/2021 257,879 257,879
2022 835,812 334,580 272,429 228,803 656,011 7/1/2022 913,890 913,890
2023 724,798 347,963 280,602 96,233 523,440 7/1/2023 1,437,330 570,908 866,422
2024 1,295,182 361,881 289,020 644,281 1,071,488 7/1/2024 2,508,818 570,907 1,367,003
ESTIMATES FOR FUTURE YEARS
2025 1,424,700 376,356 297,691 750,653 1,177,861 850,000 7/1/2025 2,836,679 562,000 1,132,864
2026 1,567,171 391,411 306,622 869,138 1,296,346 892,500 7/1/2026 3,240,524 546,750 180,000 809,959
2027 1,723,888 407,067 315,820 1,001,000 1,428,208 937,125 7/1/2027 3,731,607 531,500 176,000 593,542
2028 1,896,276 423,350 325,295 1,147,632 1,574,839 983,981 7/1/2028 4,322,465 516,250 172,000 496,149
2029 2,085,904 440,284 335,054 1,310,566 1,737,774 1,033,180 7/1/2029 5,027,058 501,000 168,000 531,743
2030 2,294,494 457,895 345,105 1,491,494 1,918,701 1,084,839 7/1/2030 5,860,920 485,750 164,000 715,855
2031 2,523,944 476,211 355,459 1,692,274 2,119,482 1,139,081 7/1/2031 6,841,321 470,500 160,000 1,065,755
2032 2,776,338 495,259 366,122 1,914,956 2,342,164 1,196,035 7/1/2032 7,987,449 455,250 156,000 1,600,634
2033 2,776,338 515,070 377,106 1,884,162 2,311,370 1,255,837 7/1/2033 9,042,982 435,000 152,000 2,069,167
2034 2,776,338 535,673 388,419 1,852,246 2,279,454 1,318,629 7/1/2034 10,003,807 420,000 148,000 2,461,991
2035 2,776,338 557,100 400,072 1,819,167 2,246,374 1,384,560 7/1/2035 10,865,621 408,000 144,000 2,771,805
2036 2,776,338 579,384 412,074 1,784,881 2,212,088 1,453,788 7/1/2036 11,623,920 396,000 140,000 2,994,105
2037 2,776,338 602,559 424,436 1,749,343 2,176,551 1,526,478 7/2/2037 12,273,993 384,000 136,000 3,124,178
2038 2,776,338 626,661 437,169 1,712,508 2,139,715 1,602,802 7/3/2038 12,810,907 372,000 132,000 3,157,092
360,000 128,000 2,669,092
(1) - parcels owned / developed by Canton Development or Canton Holdings. 348,000 124,000 2,197,092
336,000 120,000 1,741,092
(2) - school operating costs per agreement pages 9 & 10 increase 4% annually. 324,000 116,000 1,301,092
312,000 112,000 877,092
(3) - town operating costs per agreement page 11 increase 3% annually. - 108,000 769,092
- 104,000 665,092
(4) - net tax revenues per agreement page 8, taxes collected less school & town operating costs. 9,305,815 2,840,000
(5) - net increased tax revenues per agreement page 8 are transferred to the DIF fund with fy 17 as base year. Total Debt Service = 12,145,815
Plymouth Rubber DIF estimates MODIFIED for MUSEUM FUNDING PROPOSAL.xlsx summary 3/25/2024Source page 2
Article 28 - Original DIF
PLYMOUTH RUBBER DIF
(1) (2) (3) (4) (5) Cumulative
R/E Taxes School Town Net Tax Net Increased Date Funds DIF Funds Bond DIF Fund
FY Collected Costs Costs Revenues Tax Revenues Available Collected Payments Balance
2017 82,793 275,000 235,000 (427,207) Base Year
2018 116,761 286,000 242,050 (411,289) 15,918 7/1/2018 15,918 15,918
2019 214,429 297,440 249,312 (332,322) 94,885 7/1/2019 110,804 110,804
2020 189,891 309,338 256,791 (376,238) 50,970 7/1/2020 161,774 161,774
2021 255,104 321,711 264,495 (331,102) 96,106 7/1/2021 257,879 257,879
2022 835,812 334,580 272,429 228,803 656,011 7/1/2022 913,890 913,890
2023 724,798 347,963 280,602 96,233 523,440 7/1/2023 1,437,330 570,908 866,422
2024 1,295,182 361,881 289,020 644,281 1,071,488 7/1/2024 2,508,818 570,907 1,367,003
ESTIMATES FOR FUTURE YEARS
2025 1,424,700 376,356 297,691 750,653 1,177,861 7/1/2025 3,686,679 562,000 1,982,864
2026 1,567,171 391,411 306,622 869,138 1,296,346 7/1/2026 4,983,024 546,750 2,732,459
2027 1,723,888 407,067 315,820 1,001,000 1,428,208 7/1/2027 6,411,232 531,500 3,629,167
2028 1,896,276 423,350 325,295 1,147,632 1,574,839 7/1/2028 7,986,071 516,250 4,687,756
2029 2,085,904 440,284 335,054 1,310,566 1,737,774 7/1/2029 9,723,845 501,000 5,924,530
2030 2,294,494 457,895 345,105 1,491,494 1,918,701 7/1/2030 11,642,546 485,750 5,438,780
2031 2,523,944 476,211 355,459 1,692,274 2,119,482 7/1/2031 13,762,028 470,500 4,968,280
2032 2,776,338 495,259 366,122 1,914,956 2,342,164 7/1/2032 16,104,192 455,250 4,513,030
2033 2,776,338 515,070 377,106 1,884,162 2,311,370 7/1/2033 18,415,561 435,000 4,078,030
2034 2,776,338 535,673 388,419 1,852,246 2,279,454 7/1/2034 20,695,015 420,000 3,658,030
2035 2,776,338 557,100 400,072 1,819,167 2,246,374 7/1/2035 22,941,390 408,000 3,250,030
2036 2,776,338 579,384 412,074 1,784,881 2,212,088 7/1/2036 25,153,478 396,000 2,854,030
384,000 2,470,030
372,000 2,098,030
360,000 1,738,030
(1) - parcels owned / developed by Canton Development or Canton Holdings. 348,000 1,390,030
336,000 1,054,030
(2) - school operating costs per agreement pages 9 & 10 increase 4% annually. 324,000 730,030
312,000 418,030
(3) - town operating costs per agreement page 11 increase 3% annually. 9,305,815
(4) - net tax revenues per agreement page 8, taxes collected less school & town operating costs.
(5) - net increased tax revenues per agreement page 8 are transferred to the DIF fund with fy 17 as base year.
Plymouth Rubber DIF estimates 1-03-24.xlsx summary 1/3/2024