State changes since 2004 (annually) Since 2004, the State has reduced the amount of revenue the district has collected every year. TPP – tangible personal property or taxes on business equipment; CODB – Cost of Doing Business, 7.5% more per pupil because of operating in Hamilton County (a high cost county compared to the rest of the state); Transportation – reduced transportation reimbursement from 60% to 40%; Cap – the amount the state owes the district per the formula that they will never pay because the capped the total increase in dollars the district can receive from the previous year. Catastrophic – reimbursement from the state for our significant special needs students. The state is supposed to reimburse 50%, they only reimbursed 15% of the 50% because they prorated districts reimbursements based on the total statewide reimbursements and the amount the state set aside for the reimbursement; Community School – this is the increase since 2004 for students taking their tax dollars to community schools; Scholarship – this is the increase since 2004 for students taking their tax dollars to non-public schools. 1 mill Operating Levy is what our Community passed as part of the Master Facility Project. Emergency Levy – this is what the Community has passed three times (2007, 2012, 2017) and the district has been operating on since 2007. We have been able to locally make up approx. $8.7 million, leaving a deficit in previously collected revenue of $4 million annually. Approx. $4,000,000 less annually.