1. Proposed change for the 2015 Warrant Timberlane Regional District Funding Formula

2. Current Formula Total Budget split Operating budget funded 100% from ADM 2 years prior Capital budget funded 100% from EPV 2 years prior

3. ADM Comparison – Then and Now 1963-1964 ADM Atkinson – 382.8 (24.97%) Danville – 167.3 (12.23%) Plaistow – 739.3 (54.02%) Sandown – 79.0 (5.77%) 2013-2014 ADM Atkinson – 902.19 (23.62%) Danville – 739.60 (19.36%) Plaistow – 1,157.76 (30.31%) Sandown – 1,019.82 (26.70%)

4. EPV Comparison – Then and Now 1964 EVP Atkinson – $9,049,766 (29.23%) Danville – $2,691,870 (8.69%) Plaistow – $15,449,472 (49.89%) Sandown – $3,774,355 (12.19%) 2013 EVP Atkinson – $833,205,847 (33.81%) Danville – $326,761,578 (13.26%) Plaistow – $805,432,034 (32.69%) Sandown – $498,625,370 (20.24%)

5. Equalized Valuation per Pupil 1964 Atkinson - $23,640 Danville - $16,090 Plaistow - $20,897 Sandown - $47,776 2013 Atkinson - $951,449 Danville - $450,286 Plaistow - $786,746 Sandown - $519,018

6. Property Tax Comparison - Rate Current Education rate (% increase over previous year) Atkinson - $14.98 (- 2.03%) Danville - $23.44 (+ 5.73%) Plaistow - $18.01 (- 0.72%) Sandown - $21.98 (+5.17%)

7. Other Cooperative Formulas 31 Cooperative Districts in NH 9 fund based on 100% ADM 9 fund based on mix between 50% and 100% ADM 13 fund based on 50% ADM and 50% EPV Other Factors Previous year ADM and EPV 3 year average ADM and EPV Splitting budget into capital and operating

8. Current Formula Total Budget split Operating budget funded 100% from ADM 2 years prior Capital budget funded 100% from EPV 2 years prior

9. Proposed Formula - Details Combine operating and capital budgets Year 1 80% - 3 year average ADM 20% - Total 3 year average EPV Year 2 60% - 3 year average ADM 40% - Total 3 year average EPV

10. Proposed Formula - Impact 2013AtkinsonDanvillePlaistowSandown 2013 Rate $15.29$22.17$18.09$20.91 80% ADM – 20% TEPV $15.97$20.94$18.18$19.51 60% ADM – 40% TEPV $17.14$18.69$18.43$17.85 % Increase 12.10%-15.69%1.69%-14.13%

12. Pros and Cons Pros ADM is a 3 year average to blunt any large changes Broadens tax base for all four towns in district EPV is entire district to blunt large changes in EPV Rate decrease for Danville and Sandown Cons Rate increase for Atkinson and Plaistow