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Fiscal Disparities — Effect on Tax Rate <br />• Tax rate = Local Levy / TNTC <br />• Local Levy = Certified Levy — Area Wide Levy <br />2010 Certified Levy $8,542,330 <br />2010 Area Wide Levy - $1,439,199 <br />2010 Local Levy $5,964 <br />• Tax Rate = Local Levy / TNTC <br />— $5 / $18 = 37.809% Tax Rate <br />• Distribution of FD through Area Wide Levy reduces <br />the Local Levy, and ultimately the Tax Rate <br />Public Sector Advisors Springsted <br />