ProComp Frequently Asked Questions
Funding
Here are answers to some of the most frequently asked questions related to Funding. If you prefer to review other topics, please return to FAQs.
Q. How do we know that twenty-five million dollars is enough for the long run?
A. An economic analyst working with the Joint Task Force has projected costs fifty years into the future to ensure that the system will be sustainable.
Q. How much will the new tax cost the average homeowner?
A. Based on current data, the increase in tax for the average homeowner ($247,000 home) will be $58.00 per year or about $5 per month..
Q. Won't this amount be insufficient in a few years due to inflation?
A. No. The mill levy is inflation adjusted.
Q. How is all of the current work toward ProComp being funded?
A. There have been substantial levels of support from the Rose Community Foundation, The Broad Foundation, The Piton Foundation, Daniels Fund, Donnell Kay Foundation and the Sturm Family Foundation.