Swampscott Board of Selectman

Transcription

1 Swampscott Board of Selectman 1

2 Agenda 2

3 FY2018 REVALUATION RESULTS COMP v Property Type Description FY 2017 Parcel Count FY 2017 Assessed Value FY 2018 Parcel Count FY 2018 Assessed Value Assessed Value Diff Assessed Value % Diff 101 Single Family 3,448 1,822,855,500 3,453 1,958,152, ,296, % 102 Condominiums 1, ,127,600 1, ,796,900 23,669, % Miscellaneous MISC 103,109 Residential 13 9,813, ,602, , % 104 Two - Family ,300, ,718,100 18,418, % 105 Three - Family 55 30,023, ,640, , % Apartment 18 71,403, ,988,000 25,584, % ,106 Vacant / Accessory Land ,077, ,149,700 72, % Commercial ,983, ,475,900 15,492, % Industrial 26 11,429, ,001,200 1,571, % CH 61B LAND Recreational 5 2,324, ,359,413 34, % Multi-use - Residential 38 9,844, ,891,124 1,046, % Multi-use - Commercial 0 8,672, ,580, , % TOTAL PERSONAL Total Class 5 PROPERTY ,291, ,940,440 8,649, % Total Class 1 TOTAL RESIDENTIAL 5,280 2,447,445,742 5,288 2,651,937, ,492, % Total Class 3 TOTAL COMMERCIAL ,980, ,415,539 16,435, % Total Class 4 TOTAL INDUSTRIAL 26 11,429, ,001,200 1,571, % 3

4 FY2017 Budget DOR TAX RATE RECAP FORM (PAGE 4) Final FY2017 Appropriations Approved by Town Meeting

5 FY2017 State Charges: $600,318 State Charges: (primarily MBTA and Charter Schools) State Charges are added to amount to be raised by taxation

6 FY2017 Revenue to be Raised: Aid to Libraries Overlay is an estimate needed to pay for tax appeals and is added to the amount of revenue needed This is the amount of revenue needed to be raised in FY17

7 FY2017 Local Receipts Estimate: Meals Tax Interest on past due Tax Bills Nahant Tuition Dept. Revenues Building Permits This is first used to offset the amount of revenue needed

8 FY2017 State Aid: Typically referred to as Cherry Sheet by local officials. State Aid is primarily Educational Aid and Unrestricted Aid This is next used to offset the amount of revenue needed

9 FY2017 Revenue to be Raised: Carried over from prior 2 slides Water & Sewer Enterprise Fund Est. Revenue Tax Levy for FY2017 = 72.5% of spending Total Revenue other than property taxes

10 FY2017 Tax Levy Limit: Note: FY17 Tax Levy = $48,140, (2.3% under the Limit)

11 FY2017 Classification Review: Residential declines by % from % down to % Commercial, Industrial & Personal increases 175% from % to % Commercial 8.29% This is a representation of the 175% CIP Shift in FY2017 Industrial 0.77% Pers Prop 2.23% Residential 88.71% This represents a continuation of the policy decisions made for the past several years.

12 FY2017 Tax Rate Recap:

13 SWAMPSCOTT LEVY ANALYSIS FISCAL YEAR MAXIMUM TAX LEVY ACTUAL TAX LEVY EXCESS LEVY CAPACITY BUDGETED TAX LEVY DIFFERENCE FREE CASH USED TO REDUCE TAX LEVY 2008 $37,185,310 $37,175,423 $9,887 $37,112,314 $72,996 $500, $38,739,222 $38,724,477 $14,745 $38,225,936 $513,286 $465, $40,167,819 $40,163,797 $4,022 $40,145,733 $22,086 $350, $40,178,659 $40,088,107 $90,552 $41,147,475 -$968,816 $539, $42,402,257 $42,240,533 $161,724 $42,165,249 $237,008 $1,460, $43,598,760 $43,392,174 $206,586 $43,392,175 $206,585 $315, $44,441,197 $44,221,610 $219,587 $44,039,276 $401,921 $160, $45,920,256 $45,631,905 $288,351 $45,382,630 $537,626 $1,200, $47,568,904 $46,919,163 $649,741 $46,919,163 $649,741 $300, $49,268,243 $48,140,098 $1,128,145 $48,983,904 $284,339 $300,000 13

14 $55,000,000 EXCESS LEVY CAPACITY $50,000,000 $45,000,000 Excess Levy Capacity is the difference between the maximum property tax revenue a community is legally permitted to bill and the tax revenue actually billed $206,586 $161,724 $219,587 $288,351 $649,741 $1,128,145 $40,000,000 $14,745 $4,022 $90,552 $9,887 $35,000,000 $30,000,000 $25,000,000 $21,160 $27,972,879 $11,927 $28,997,205 $8,093 $32,643,004 $23,228 $35,394,941 $37,175,423 $38,724,477 $40,163,797 $40,088,107 $42,240,533 $43,392,174 $44,221,610 Actual Tax Revenue Billed per Year $45,631,905 $46,919,163 $48,140,098 $20,000, TAX LEVY EXCESS LEVY CAPACITY 14

15 SWAMPSCOTT AVERAGE SINGLE-FAMILY TAX BILLS FISCAL YEAR AVERAGE ESSEX COUNTY SINGLE FAMILY ASSESSED VALUE AVERAGE ESSEX COUNTY SINGLE FAMILY TAX BILL AVERAGE SWAMPSCOTT SINGLE FAMILY ASSESSED VALUE AVERAGE SWAMPSCOTT SINGLE FAMILY TAX BILL 2017 $483, $6, $528, $9, $463, $6, $522, $9, $447, $6, $522, $8, $426, $6, $459, $8, $423, $5, $453, $8, $428, $5, $465, $8, $435, $5, $474, $7, $453, $5, $475, $7, $473, $5, $525, $7, $489, $5, $535, $7,

16 $489,638 $535,037 Average Assessed Single Family Home Value Essex County / Swampscott $473,179 $525,418 $453,087 $475,930 $435,874 $474,810 $428,445 $465,634 $423,055 $453,328 $426,066 $459,521 $447,039 $522,531 $463,612 $522,109 $483,059 $528, % 111% 105% 109% 109% 107% 108% 117% 113% 109% AVERAGE ESSEX COUNTY SINGLE FAMILY ASSESSED VALUE AVERAGE SWAMPSCOTT SINGLE FAMILY ASSESSED VALUE % SWAMPSCOTT HIGHER THAN COUNTY 16

17 $5,033 $7,293 $5,246 Average Assessed Single Family Tax Bill Essex County / Swampscott $7,534 $7,843 $7,882 $8,377 $8,541 $8,593 $8,961 $9,048 $5,430 $5,592 $5,777 $5,936 $6,102 $6,360 $6,616 $6,850 $9, % 144% 144% 141% 145% 144% 141% 141% 137% 135% AVERAGE ESSEX COUNTY SINGLE FAMILY TAX BILL AVERAGE SWAMPSCOTT SINGLE FAMILY TAX BILL % SWAMPSCOTT HIGHER THAN COUNTY Power (% SWAMPSCOTT HIGHER THAN COUNTY) 17

18 Swampscott Average Commercial/Industrial Tax Bill FISCAL YEAR AVERAGE ESSEX COUNTY COMMERCIAL/INDUSTRIAL ASSESSED VALUE AVERAGE ESSEX COUNTY COMMERCIAL/INDUSTRIAL TAX BILL AVERAGE SWAMPSCOTT COMMERCIAL/INDUSTRIAL ASSESSED VALUE AVERAGE SWAMPSCOTT COMMERCIAL/INDUSTRIAL TAX BILL 2010 $960,050 $15,971 $1,115,938 $34, $929,591 $16,512 $1,103,013 $33, $918,409 $17,074 $1,084,443 $36, $907,016 $17,575 $1,095,391 $38, $922,206 $18,258 $1,111,767 $38, $966,106 $18,971 $1,169,461 $37, $993,095 $19,645 $1,185,779 $38, $1,000,201 $19,670 $1,177,477 $37,915 18

19 Average Assessed Commercial/Industrial Value Essex County / Swampscott $960,050 $1,115,938 $929,591 $1,103,013 $918,409 $1,084,443 $907,016 $1,095,391 $922,206 $1,111,767 $966,106 $1,169,461 $993,095 $1,185,779 $1,000,201 $1,177, % 119% 118% 121% 121% 121% 119% 118% Average Essex County C&I Assessed Value Average Swampscott C&I Assessed Value % SWAMPSCOTT HIGHER THAN COUNTY 19

20 Average Commercial/Industrial Tax Bill Essex County / Swampscott $15,971 $16,512 $17,074 $17,575 $18,258 $18,971 $19,645 $19,670 $34,125 $33,973 $36,231 $38,361 $38,678 $37,107 $38,028 $37, % 206% 212% 218% 212% 196% 194% 193% Average Essex County C&I Tax Bill % SWAMPSCOTT HIGHER THAN COUNTY Average Swampscott C&I Tax Bill 20

21 SUMMARY AS OF END OF FY2017: The Town is approximately $1.1 million under its tax levy limit and $17.2 million under the absolute levy ceiling. 72.5% of the cost of running the town is funded with local property tax revenue. Residential properties carried 88.7% of the tax burden of paying taxes.

22 PRELIMINARY LOOK AT FY2018: New Ocean House, Circa 1920s FY 2018 REVALUATION AND TAX CLASSIFICATION

23 Option #1: CALCULATION OF A SINGLE TAX RATE Class Full and Fair Cash Valuation Percentage Share 1. Residential 2,651,937, % 2. Open Space % 3. Commercial 140,415, % 4. Industrial 13,001, % 5. Personal Prop. 41,940, % C.I.P. Total Percentage Share = 6.86% TOTALS 2,847,295, % (Tax Levy / Total Value) * 1,000 = Single Tax Rate per $1000 in Value ($48,031,755/ $2,847,295,103) * 1000 = $16.87 per $1000 in Assessed Value 23

24 Option #2: ESTABLISH A SPLIT TAX RATE Selection of a C.I.P. factor of more than 1.00 will shift some of the tax burden from the Residential taxpayers to the C.I.P. property taxpayers. The shift works by taking the percentage share of the C.I.P. properties and increasing it by any percentage between 100% - 175%, decreasing the Residential percentage share proportionally, and assess taxes to the respective classes of real estate and personal property based on the percentage share, as adjusted. 24

25 Option #2: ESTABLISHING A SPLIT TAX RATE-EFFECT ON TAX RATES C.I.P. SHIFT Res. % CIP % Res. TAX RATE C.I.P. TAX RATE Est. Average S.F. FY 18 Tax Bill Incr./(Decr.) vs. FY17 Average Condo Tax Bill Incr./(Decr.) vs. FY % 6.86% $16.87 $16.87 $9,566 $341 $5,245 $ % 11.66% $16.00 $28.68 $9,073 ($153) $4,975 ($141) % 11.73% $15.99 $28.86 $9,067 ($158) $4,972 ($144) % 11.80% $15.98 $29.02 $9,061 ($164) $4,968 ($147) % 11.87% $15.96 $29.19 $9,050 ($175) $4,962 ($154) % 11.94% $15.95 $29.36 $9,044 ($181) $4,959 ($157) % 12.01% $15.94 $29.52 $9,039 ($187) $4,956 ($160) 25

26 Option #2: ESTABLISHING A SPLIT TAX RATE-EFFECT ON TAX RATES C.I.P. SHIFT Res. % CIP % Res. TAX RATE C.I.P. TAX RATE Est. Average FY 18 Comm. Tax Bill Incr./(Decr.) vs. FY % 6.86% $16.87 $16.87 $25,213 ($15,112) % 11.66% $16.00 $28.68 $42,864 $2, % 11.73% $15.99 $28.86 $43,133 $2, % 11.80% $15.98 $29.02 $43,372 $3, % 11.87% $15.96 $29.19 $43,626 $3, % 11.94% $15.95 $29.36 $43,880 $3, % 12.01% $15.94 $29.52 $44,120 $3,795 26

27 Residential Exemption Option 27

28 Residential Exemption Option Residential Exemption may be granted exempting up to 35% of owner-occupied residential properties. Exemption is paid for by shifting a higher tax burden on non owner-occupied and higher-valued residential properties. 28

29 Residential Exemption-Impact to Single Families # of Parcels ASSESSED VALUE RANGES Calculation of FY2018 Tax with no Exemption Calculation of FY2018 Gross Tax before exemption Calculation of Net Tax after exemption Calculation of Net Tax Savings/(Cost) 126 $100k - $299k $4, $6, $2, $2, $300k - $349k $5, $7, $3, $1, $350k - $399k $6, $8, $4, $1, $400k - $449k $6, $9, $5, $1, $450k - $499k $7, $10, $6, $ $500k - $549k $8, $11, $7, $ $550k - $599k $9, $12, $8, $ $600k - $649k $9, $13, $9, ($13.02) 141 $650k - $699k $10, $15, $11, ($322.22) 106 $700k - $749k $11, $16, $12, ($665.49) 79 $750k - $799k $12, $17, $13, ($994.54) 63 $800k - $849k $13, $18, $14, ($1,305.79) 57 $850k - $899k $13, $19, $15, ($1,639.46) 77 $900k - $999k $15, $21, $17, ($2,071.19) 183 $1 mill - $1.9mill $21, $29, $25, ($4,545.92) 47 > $2.0 million $46, $65, $61, ($14,850.79) 29

30 Residential Exemption-Impact to Single Families $4, Residential Exemption Gains/(Losses) - Single Families Gain/(Loss) $2, $0.00 ($2,000.00) ($4,000.00) ($6,000.00) ($8,000.00) ($10,000.00) ($12,000.00) ($14,000.00) 2,527 SINGLE FAMILIES BENEFIT FROM EXEMPTION 916 SINGLE FAMILIES PAY FOR EXEMPTION ($16,000.00) $100k - $299k $300k - $349k $350k - $399k $400k - $449k $450k - $499k $500k - $549k $550k - $599k $600k - $649k $650k - $699k $700k - $749k Assessed Value Ranges $750k - $799k $800k - $849k $850k - $899k $900k - $999k $1 mill. - $1.9mill. > $2.0 million 30

31 Small Commercial Exemption Option 31

32 Small Commercial Exemption Small Commercial Exemption of up to 10% of value is allowed on commercial properties with: Annual Employment of less than 10 employees, and Property Value is less than $1.0 million. Similar to Residential Exemption, it is paid for by increasing taxes on other Commercial properties. 32

33 Small Commercial Exemption-Eligible Parcels Parcel ID Property Address FY2018 no Exemption Calculation of FY2018 Gross Tax for Exemption Calculation of Net Tax Calculation of Net Tax Savings BURRILL $6,849 $6,870 $6,183 $ HUMPHREY $3,234 $3,244 $2,920 $ NEW OCEAN $14,398 $14,442 $12,998 $1, A ESSEX $18,681 $18,738 $16,865 $1, ESSEX $5,168 $5,184 $4,666 $ ESSEX $13,576 $13,618 $12,256 $1, SALEM $8,359 $8,385 $7,546 $ HUMPHREY $3,921 $3,933 $3,539 $ HUMPHREY $11,945 $11,981 $10,783 $1, HUMPHREY $7,097 $7,119 $6,407 $ C HUMPHREY $13,961 $14,003 $12,603 $1, BURRILL $6,694 $6,714 $6,043 $ BURRILL ST $3,092 $3,102 $2,791 $ COLUMBIA $10,126 $10,157 $9,141 $ ESSEX $11,043 $11,077 $9,969 $1,074 33

34 Small Commercial Exemption-Who pays for it? Count FY2018 Value FY2018 no Exemption Calculation of FY2018 Gross Tax for Exemption Calculation of Net Tax Calculation of Additional Tax 13 $0k - $100K $1,728 $1,734 $1,734 $5 20 $101K - $200K $4,692 $4,706 $4,706 $14 14 $201k - $300k $7,222 $7,244 $7,244 $22 12 $301k - $400k $10,520 $10,552 $10,552 $32 7 $401k - $500k $13,167 $13,208 $13,208 $40 8 $501 - $750k $19,336 $19,395 $19,395 $59 6 $751k - $1.0 mill. $25,930 $26,009 $26,009 $79 15 $1.0 - $2.0 mill. $46,995 $47,139 $47,139 $144 9 $2.0 - $4.0 mill. $82,590 $82,842 $745,578 $252 9 > $4.0 mill. $219,302 $219,972 $219,972 $670 34

35 FY 2018 TAX RATE RECAP

36 FY2018 Budget DOR TAX RATE RECAP FORM (PAGE 4) Final FY2017 Appropriations Approved by Town Meeting 36

37 FY2018 State Charges: $652,523 State Charges: (primarily MBTA and Charter Schools) State Charges are added to amount to be raised by taxation

38 FY2018 Revenue to be Raised: Aid to Libraries Overlay is an estimate needed to pay for tax appeals and is added to the amount of revenue needed The balance in the Overlay is $867,894 This is the amount of revenue needed to be raised in FY17

39 FY2018 Local Receipts Estimate: Meals Tax Interest charged on Late Tax Bills Nahant Tuition Dept. Revenues Building Permits This is first used to offset the amount of revenue needed

40 FY2018 State Aid: Typically referred to as Cherry Sheet by local officials. State Aid is primarily Educational Aid and Unrestricted Aid This is next used to offset the amount of revenue needed

41 FY2018 Revenue to be Raised: Carried over from prior 2 slides Water & Sewer Enterprise Fund Est. Revenue Tax Levy is $108K lower than FY2017! Tax Levy for FY2018 = 71.7% of spending Total Revenue other than property taxes

42 FY2018 Tax Levy Limit: Note: FY18 Tax Levy = $48,031,755 (4.3% under the Max.)

43 Share of tax burden based on 1.70% shift: The tax burden shifts as follows for FY2018: Residential declines by 5.15% from 93.14% down to 88.34% Commercial, Industrial & Personal increases 170% from 6.86% to 11.66% Commercial 8.93% Industrial 0.83% Pers Prop 2.67% Residential 87.58% 43

44 FY2018 Tax Rate Recap: Represents 170% C.I.P. Shift

45 Share of tax burden based on 1.75% shift: The tax burden shifts as follows for FY2018: Residential declines by 5.53% from 93.14% down to 87.99% Commercial, Industrial & Personal increases 175% from 6.86% to 12.02% Commercial 8.64% Industrial 0.80% Pers Prop 2.58% Residential 87.99% 45

46 FY2018 Tax Rate Recap: Represents 175% C.I.P. Shift

47 FY2018 Comparison Analysis: CIP Shift: 170% FY2018 ANALYSIS FY2017 VS. FY2018 COMPARISON ANALYSIS FY 2018 Assessed FY2018 Average FY2018 Average FY2018 Class Assessed Value Assessed Value Average Tax Average Tax Description Value Assessed Value Tax Bill Percentage Diff % Diff Bill Diff Bill % Diff Single Family 1,958,006, ,045 9, % 135,151, % % Condominiums 331,750, ,919 4, % 23,623, % % Miscellaneous Residential 9,602, ,167 12, % -211, % % Two - Family 197,735, ,851 7, % 18,435, % % Three - Family 30,640, ,407 9, % 616, % % Apartment 96,988,000 5,388,222 86, % 25,584, % 16, % Vacant / Accessory Land 16,149,700 75,115 1, % 72, % % Multi-use - Residential 10,775, ,566 4, % 930, % % TOTAL RESIDENTIAL 2,651,648, ,541 8, % 204,202, % % Tax Rate Commercial 128,690,800 1,445,964 41, % 15,707, % % Industrial 13,001, ,046 14, % 1,571, % % Recreational 2,359, ,883 13, % 34, % -1, % Multi-use - Commercial 9,438, ,393 7, % 766, % % Individuals / Partnerships / Associations / Trusts / LLC 2,047,370 11, % 262, % % Corporations 5,439,930 41,526 1, % -87, % % Manufacturing 33,120 16, % % % Public Utilities 18,835,680 9,417, , % 6,557, % 72, % Centrally Valued Telephone 3,285,500 1,642,750 47, % 65, % -4, % Centrally Valued Pipelines 11,196,100 11,196, , % 2,080, % 27, % Wireless Telephone 1,102, ,685 7, % -228, % -2, % TOTAL COMMERCIAL 140,489,144 1,494,565 43, % 16,508, % 2, % Tax Rate TOTAL INDUSTRIAL 13,001, ,046 14, % 1,571, % % Tax Rate TOTAL PERSONAL PROPERTY 41,940, ,048 3, % 8,649, % % Tax Rate TOTAL C.I.P. 195,430, % 26,729, % 47

48 FY2018 Comparison Analysis: CIP Shift: 175% FY2018 ANALYSIS FY2017 VS. FY2018 COMPARISON ANALYSIS FY 2018 Assessed FY2018 Average FY2018 Average FY2018 Class Assessed Value Assessed Value Average Tax Average Tax Description Value Assessed Value Tax Bill Percentage Diff % Diff Bill Diff Bill % Diff Single Family 1,958,006, ,045 9, % 135,151, % % Condominiums 331,750, ,919 4, % 23,623, % % Miscellaneous Residential 9,602, ,167 12, % -211, % % Two - Family 197,735, ,851 7, % 18,435, % % Three - Family 30,640, ,407 9, % 616, % % Apartment 96,988,000 5,388,222 85, % 25,584, % 16, % Vacant / Accessory Land 16,149,700 75,115 1, % 72, % % Multi-use - Residential 10,775, ,566 4, % 930, % % TOTAL RESIDENTIAL 2,651,648, ,541 7, % 204,202, % % Tax Rate Commercial 128,690,800 1,445,964 42, % 15,707, % 2, % Industrial 13,001, ,046 14, % 1,571, % % Recreational 2,359, ,883 14, % 34, % % Multi-use - Commercial 9,438, ,393 7, % 766, % % Individuals / Partnerships / Associations / Trusts / LLC 2,047,370 11, % 262, % % Corporations 5,439,930 41,526 1, % -87, % % Manufacturing 33,120 16, % % % Public Utilities 18,835,680 9,417, , % 6,557, % 80, % Centrally Valued Telephone 3,285,500 1,642,750 48, % 65, % -3, % Centrally Valued Pipelines 11,196,100 11,196, , % 2,080, % 37, % Wireless Telephone 1,102, ,685 8, % -228, % -2, % TOTAL COMMERCIAL 140,489,144 1,494,565 44, % 16,508, % 4, % Tax Rate TOTAL INDUSTRIAL 13,001, ,046 14, % 1,571, % % Tax Rate TOTAL PERSONAL PROPERTY 41,940, ,048 3, % 8,649, % % Tax Rate TOTAL C.I.P. 195,430, % 26,729, % 48

49 $55,000,000 $50,000,000 $45,000,000 $40,000,000 EXCESS LEVY CAPACITY *2018 is an estimate Excess Levy Capacity is the difference between the maximum property tax revenue a community is legally permitted to bill and the tax revenue actually billed $9,887 $14,745 $4,022 $90,552 $161,724 $288,351 $219,587 $206,586 $649,741 $1,128,145 $2,032,923 $35,000,000 $30,000,000 $25,000,000 $21,160 $27,972,879 $11,927 $28,997,205 $8,093 $32,643,004 $23,228 $35,394,941 $37,175,423 $38,724,477 $40,163,797 $40,088,107 $42,240,533 $43,392,174 $44,221,610 Actual Tax Revenue Billed per Year $45,631,905 $46,919,163 $48,140,098 $48,031,755 $20,000, * TAX LEVY EXCESS LEVY CAPACITY 49

50 When was the last time the Average Single- Family Tax bill decreased? Year Average Single Family Value Single Family Tax Bill $ Increase % Incr $211,265 $3,585 $ % 1994 $210,908 $3,560 -$ % 1995 $210,826 $3,727 $ % 1996 $224,479 $3,789 $ % 1997 $225,247 $3,958 $ % 1998 $226,480 $4,074 $ % 1999 $268,962 $4,161 $ % 2000 $280,630 $4,280 $ % 2001 $310,087 $4,478 $ % 2002 $391,068 $5,135 $ % 2003 $393,363 $5,318 $ % 2004 $453,487 $5,496 $ % 2005 $497,314 $5,615 $ % 2006 $523,116 $6,377 $ % 2007 $537,900 $6,917 $ % 2008 $535,037 $7,293 $ % 2009 $525,418 $7,534 $ % 2010 $475,930 $7,843 $ % 2011 $474,810 $7,882 $ % 2012 $465,634 $8,377 $ % 2013 $453,328 $8,541 $ % 2014 $459,521 $8,593 $ % 2015 $522,531 $8,961 $ % 2016 $522,109 $9,048 $ % 2017 $528,670 $9,225 $ % 2018* $567,087 $9,039 -$ % *2018 is estimated 50

51 C.I.P SHIFT AND TAX RATE HISTORY *2018 is estimated Fiscal Year Single Tax Rate per $1000 Maximum CIP Shift CIP Shift Selected Residential Tax Rate CIP Tax Rate 2002 $ $13.13 $ $ $13.52 $ $ $12.12 $ $ $11.29 $ $ $12.19 $ $ $12.86 $ $ $13.63 $ $ $14.34 $ $ $16.48 $ $ $16.60 $ $ $17.99 $ $ $18.84 $ $ $18.70 $ $ $17.15 $ $ $17.33 $ $ $17.45 $ * $ $16.00 $28.83/$

52 NEXT STEPS 52