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A Newsletter by the City of Saco, MaineJanuary, 2010Return to newsletter index



An analysis of LD1 and the City of Saco

Greetings: What follows are 2 spreadsheets, first the Summary Analysis of LD1, and second the City of Saco Budget and Tax Rate History Analysis.

With regard to the Summary Analysis of LD1, the Legislature enacted a tax limit law called LD1, which essentially means that the tax rate for a community may not increase more than the growth rate without voter approval. For fiscal year 2008, the city exceeded the limit by $404,000; for fiscal year 2009, the city hit the LD1 target; for fiscal year 2010, the cityÕs budget was $448,000 below the LD1 l imit.

Over a 3 year period on average, the city had been below the LD1 limit. The budget and tax rate history analysis provides a history of the budget and mil rate changes for the city between 1991 and 2010.



CITY OF SACO
Budget and Tax Rate History Analysis

Fiscal yearBudgetBudget Percent ChangeTax RateTax Rate Percent ChangeCPI-U Percent Change
1991 $19,963,025 N/A $17.80 N/A 4.20%
1992 $21,321,151 6.80% $18.35 3.09% 3.00%
1993 $21,112,746 -0.98% $18.70 1.91% 3.00%
1994 $22,127,644 4.81% $18.80 0.53% 2.60%
1995 $22,779,769 2.95% $18.80 0.00% 2.80%
1996 $23,602,658 3.61% $18.80 0.00% 3.00%
1997 $25,485,385 7.98% $19.30 2.66% 2.30%
1998 $27,105,016 6.36% $19.50 1.04% 1.60%
1999 $29,292,972 8.07% $20.20 3.59% 2.20%
2000 $30,751,475 4.98% $20.40 0.99% 3.40%
2001 $35,075,508 14.06% $21.00 2.94% 2.80%
2002 $36,368,197 3.69% $21.95 4.52% 1.60%
2003 $38,927,700 7.04% $22.70 3.42% 2.30%
2004 $38,249,171 -1.74% $18.70 -17.62% * 2.70%
2005 $39,613,522 3.57% $15.90 -14.97% * 3.40%
2006 $42,110,794 6.30% $12.96 -18.49% * 3.20%
2007 $44,758,771 6.29% $12.73 -1.77% * 2.80%
2008 $45,992,777 2.76% $13.32 4.63% * 3.80%
2009 $48,662,927 5.81% $13.42 0.75% * -2.10% estimate
**2010 $37,462,979 -23.02% $13.62 1.49% *

* Note: City began valuation adjhustments to bring values to 95% of state equalized value by

** Note: In fiscal 2010 the Saco School Department joined RSU #23. Only revenues and expenditures relating to property taxes collected on their behalf are considered in this



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