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<br />CASE STUDIES 33 <br /> <br />'),. <br /> <br />Capita 1 Needs <br />Capital needs to support potential increases in population were estimated <br />for each school district, county and municipality in the case study areas. <br />Projected needs are summarized below: <br /> <br /> Peak Year Population Projections <br />Local Low Medium High <br />Government <br />Entities Do 11 ars Percent Do 11 a rs Percent Dollars Percent <br />Muni cipal ities $ 7.7 27.4% $19.8 28.9% $ 49.3 31. 8% <br />Counties 5.7 20.3 13.5 19.7 24.0 15.4 <br />Schoo 1 <br />districts 14.7 52.3 35.2 51.4 81. 9 52.8 <br />- <br />Total $28.1 100.0% $68.5 100.0% $155.2 100.0% <br /> <br />School districts. School district capital needs account for over half <br />of the total estimated needs. However, school districts have the <br />greatest capability to finance their needs through use of capital reserve <br />funds and borrowing. Shown below are school district capital needs after <br />use of capital reserve funds, compared with projected debt limits for the <br />three development profiles:* <br /> <br />Millions of Dollars <br />Medium High <br />$ 35.2 $ 81. 9 <br /> 21. 1 27.2 <br /> 14.1 54.7 <br /> 166.5 290.0 <br /> 11.8 5.3 <br /> <br />Low <br /> <br />Capital needs $ 14.7 <br /> <br />Less capital reserve <br />funds 19.4 <br /> <br />Residual after use of <br />capital reserve funds <br /> <br />Debt limit 152.6 <br /> <br />Ratio of debt limit to <br />res i dua 1 capital needs J.. <br /> <br />Viewing the six school districts on an aggregate basis, and disregarding <br />possible phasing problems, it would appear that local tax base resources <br />are more than adequate to finance needed capital improvements. <br /> <br />*The DeBeque school district does not maintain a Capital Reserve Fund. <br />The Rio Blanco District 4 has a three mill levy while the other districts' <br />levy is four mills for the Capital Reserve Fund, <br /> <br />0425 <br />