FISCAL IMPACT ANALYSIS OF THE OVERLOOK AT HIGHLAND PARK (Average cost approach) 1.

Impact on Municipal Population Multiplier Persons per unit 3 Bedroom Single Attached* 4 Bedroom Single Attached* *Single-Family Attached, Above Median Public SAC Per Unit K-6 Grades 7-9 Grades 10-12 Total Proposed Development Number of 3 Bedroom Units Number of 4 Bedroom Units Total Persons Total Public School Aged Children Elementary School Jr. High School High School Total workers Current Highland Park Population Residents Workers Total 3 bedroom apt 4 bedroom apt

FISCAL IMPACT ANALYSIS OF OVERLOOK AT HIGHLAND PARK (Average cost approach) 2. Impact on Municipal Services Highland Park Government Expenditures Municipal total general appropriations Allocation of municipal total general appropriations to residential purposes District school budget Allocation of school budget to residential purposes Total Highland Park Government Expenditures Per Capita Municipal total general appropriations District school budget Total Costs of Development Residential Costs Worker Costs Total Total amount Allocated to residential purposes

Per resident

Per worker

Per capita

Population change from development

Highland Park Government Revenues (Except Fees, Only Contain Property Tax) Equalization Rate Market Value Assessed Value General Tax Rate Equalized Municipal Property Tax Raised from Development Revenues from Development Property Tax Net Fiscal Impact on Municipal Services Total Revenues Total Costs Net Fiscal Impact

Allocated to non-residential purposes

Total

FISCAL IMPACT ANALYSIS OF OVERLOOK AT HIGHLAND PARK (Average cost approach) 3. Impact on School District School Taxes Raised from Development Highland Park School Tax Rate Middlesex County Equalization Rate Equalized School Tax & Levy Rate Equalized School Tax Student Costs Costs per student Additional students from development Additional costs to school Net Fiscal Impact on School District Revenues Costs Net Fiscal Impact