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Trends growth scenario. 21. Fiscal Disparities Distribution per Person. This is calculated each year based on the annual percent change in Citywide assessed property value per person (Point 22). If the assessed value per person goes up from the previous year. then in general the relative fiscal capacity of the City increases compared to the areawide pool (assuming the pool stays constant). This results in an expected smaller amount of fiscal disparities distribution per person. Our methodology reduces the fiscal disparities distribution per person by the same percentage increase in the assessed value per person. 22. Assessed Value per Person. This measure is determined by dividing the total Citywide assessed value by the Citywide population each year and is used to calculate annual percent changes. (See point 23 below). 23. Percent Change in Assessed Value per Person. This percentage change is derived from the annual change in assessed value per person and is used to determine the annual change in the Fiscal Disparities distribution per person as explained in Points 9 and 22 above. 24. FD Revenues as % of Certified uvy. This measure is shown for information purposes to understand how it changes over time for each scenario projection. In general, the percentage should decrease as the fiscal capacity of the City increases. 25. FD Revenues per Person. This measure is also shown for informational purposes to understand how it changes over time. 26. Total Class 3 Real Property Market Value. Class 3 Real Property Value applies to commercial, industrial. and employment property. This is used as the numerator to calculate the CII market value percentage of total market value in the City (Point 28), which is used to calculate the (:ity Revenue Need (Point 32). 27. Total Real and Personal Market Value. This is the total market value in the City for each year. This is used as the denominator to calculate the CII market value percentage of total market value in the City (Point 28), which is used to calculate the City Revenue Need (Point 32). 28. CIl Market Value Percentage. This is used to calculate the City Revenue Need (Point 32) based on the State formula used to calculate Local Government Aid. 29. Pre.1940 Housing Units. This is used to determine the pre-1940 housing unit percentage (Point 31), which is used to calculate the City Revenue Need (point 32). 30. Total Housing Units. This is also used to determine the pre-1940 housing unit percentage (Point 31), which is used to calculate the City Revenue Need (Point 32). Page 40 Tischler & Associates, Inc.