September 26, 2012 SLPS Local Tax Levy Tax Year (TY) 2012 Fiscal Year (FY) 2012/13

Special Administrative Board of the Transitional School District of the City of St. Louis, as a political subdivision, is authorized to levy an ad valorem tax - tax based on the value of real estate and personal property (assessed valuations-AV) Tax levies are set/approved on an annual basis to provide funding for the general operations of the school district Proposed tax rates must be submitted to the City of STL Tax Assessor and the State Auditor s Office by October 1 st (certification) Local Tax Levy Overview 2

TY 2012 Tax Levy Highlights-AV 3 Assessed Valuation (by categories) TY 2012 TY 2011Variance Real Estate * $3,178,472,521$3,160,587,259$17,885,262 Personal Property 732,115,345736,318,628(4,203,283) Machinery & Tools 261,655,223278,514,446(16,859,223) State Assessed Railroads Utilities and Communications 83,259,45987,003,337(3,743,878) Total $4,255,502,548$4,262,423,670(6,921,122) *Residential and Commercial Property

$18m increase in real estate assessment (Driven by new construction) $21m decrease in personal property/M&M $24m ( 12%) decrease in TIF assessments TY 2012 Tax Levy Highlights 4

Historical Analysis – Tax Levy 5

TY 2012 Proposed Tax Levy TY 2011tax rate: $ Teachers $ Incidental $ Capital $ Operating $ Debt $ Total rate TY 2012 tax rate: $ Teachers $ Incidental $ Capital $ Operating $ Debt $ Total rate $

In keeping with the PROP S commitment, the debt service rate was not increased The debt service rate will still generate sufficient revenue to make bond payments The proposed general(incidental) rate will generate approximately $145m TY 2012 Tax Levy Revenue 7

Special Administrative Board: Approval of Resolution to Set Tax Rate 8