According to new materials from Adam Hollingsworth, the Mayor's chief of Policy, the impact of the statutory proposal (in FY 07/08, which begins October 1, 2007) is between $38 million and $50 million. We are still working to clarify the formula for the statutory roll back and, thus, clarify the final number. NOTE: The roll back would only apply for one year.
According to the attached spreadsheets, the impact of the constitutional amendment (if approved by the voters), which would take effect October 1, 2008, is $140 million in the first year