Jim Rubens’  Hodge Podge of UNSTABLE & UNRELIABLE Funds To Pay For An Adequate Education

Most are low growth, no growth, or subject to steep decline in an economic downturn (on = rate basis).

Sweepstakes Revenue	$63	FUTURE GROWTH UNCERTAIN
Utility Property Tax	$20	STABLE, but LOW GROWTH
Rental Car Tax	$6	part of Rooms & Meals, DECLINED -2% ’89-‘92
Tobacco Settlement	$40	FIXED AMT., may decline if cigarette sales drop
Cigarette Tax	$26	Low growth, flat, or negative growth, DOWN -15% (‘89-’92),  DOWN -3% last yr. (=rate)
Business Profits Tax	$54	DOWN -36% over 3 yrs.  ’89-‘92
Real Estate Transfer Tax	$27	DOWN -21%  ’89-’92, DOWN -57% ’87-’93
General Fund Transfers (includes $38 M in new transfers, making budget balancing difficult)	$78	DOWN -6% over 3 yrs. ’89-’92
Total	$314
			Annual Rate of Growth
			Last 5 yrs.	Last 15 yrs.
TOTAL Equalized  Value (prop.)		DOWN  -18%   ’89-’93	+ 3.1%	+ 6.1%
CURRENT SCHOOL Spending		UP  BY +20%   ’89-’93	+ 4.1%	+ 7.7%
TOTAL NH AGI (inc. tax base)		UP  BY +8%     ’89-’93,	+ 8.7%	+ 8.0%

                     _          + 5.4%