Debt Service Costs

Principal and interest $75,626,864

Approved leases and 6,756,036

lease-purchases of space

Insured value factor 2,878,145

__________

Debt Service Cost Total 85,261,045

Less percentage reduction of

insured value factor pursuant

to the Maine Revised Statutes,

Title 20-A, section 15603,

subsection 26-A, paragraph F (86,057)

__________

Adjusted Debt Service Cost Total $85,174,988

Sec. C-11. Debt service subsidy indexes. This section establishes mill rates pursuant to the Maine Revised Statutes, Title 20-A, chapter 606 as follows: operating cost millage, 9.35 mills; debt service millage limit, 0.43 mills.

Sec. C-12. Debt service reduction percentage. This section establishes the reduction percentage as follows: insured value factor reduction percentage, 2.99%.

Sec. C-13. Debt service appropriation. The debt service appropriation provided for general purpose aid for local schools for the fiscal year beginning July 1, 2003 and ending June 30, 2004 is calculated as follows:

2003-04 2003-04

TOTAL STATE

ADJUSTED DEBT SERVICE

ALLOCATION

TOTAL $85,174,988 $59,869,537

2003-04 2003-04

TOTAL STATE

COMBINED ADJUSTED FOUNDATION

AND ADJUSTED DEBT SERVICE

ALLOCATIONS

TOTAL $1,420,768,401 $683,267,942