FORMULATION OF 2003 TAX RATE
			Town Portion
	Appropriation			$ 1,616,300
	Less: Revenues			(949,822)
	Less: Shared Revenue			(5,993)
	Add: Overlay			5,737
	War Service Credits			16,600
	Net Town Appropriation				$    685,315
	Approved Town/City Tax Effort					$      685,315
	Municipal Tax Rate						$        4.35
			School Portion
	Due to Local School				$ 2,885,608
	Less: Adequate Education Grant				(657,515)
	Less: State Education Taxes				(822,888)
	Approved School Tax Effort					$   1,405,205
	Local Education Tax Rate						$        8.90
	State Education Taxes
	Equalized Valuation (no utilities) x $4.92
		167,253,583				$      822,888
	Divide by Local Assessed Valuation (no utilities)
		143,910,650					$        5.72
			County Portion
	Due to County				$    431,842
	Less:  Shared Revenue				(2,017)
	Approved County Tax Effort					$      429,825
	Country Tax Rate						$        2.72
			Combined Tax Rate				$      21.69
	Total Property Taxes Assessed:					$   3,343,233
	Less: War Service Credits					(16,600)
		Total Property Tax Commitment				$   3,326,633
				Proof of Rate
		Net Assessed Valuation			Tax Rate		Assessment
	State Education Tax		$  143,910,650		$         5.72		$  822,888
	All Other Taxes		$  157,799,850		$       15.97		$2,520,345
							$3,343,233