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e
<br />FISCAL IMPACT OF HYPOTHETICAL PROJECT
<br />TAXES PAID ON DEVELOPED LAND (taxes on land can not be abated)
<br />- Cenral
<br />Fund
<br />4,300
<br />4,300
<br />$4,300
<br />4,300
<br />$4,300 4,300
<br />,300
<br />4,300
<br />,300
<br />4,300
<br />43,000
<br />- MSTD
<br />1,624
<br />1,624
<br />$1,624
<br />1,624
<br />$1,624 1,624
<br />1,624
<br />$1.624
<br />1,624
<br />$1,624
<br />16,240
<br />- ESD
<br />2,313
<br />2.313
<br />2,313
<br />2,313
<br />2,313 2,313
<br />2,313
<br />2,313
<br />2,313
<br />2,313
<br />23,130
<br />- Misc
<br />11,279
<br />11,279
<br />$11,279
<br />11,279
<br />$11,279 11,279
<br />11,279
<br />$I1,Z79
<br />11,279
<br />11.279
<br />112,790
<br />Total taxes
<br />19,516
<br />19,516
<br />$19,516
<br />19,516
<br />19,516 19,516
<br />19,516
<br />19,516
<br />19,516
<br />19,516
<br />195,160
<br />id on
<br />developed
<br />land
<br />TAXES PAID ON IMPROVEMENTS
<br />- General
<br />0
<br />0
<br />0 0
<br />0 860 1,720
<br />52,580
<br />3,440
<br />$4,300
<br />i
<br />12,900
<br />Fund
<br />- mm
<br />0
<br />0
<br />0 0
<br />0 325 650
<br />111,279
<br />975
<br />1,300
<br />111,279
<br />$1,624
<br />i
<br />4,874
<br />- ESD
<br />0
<br />0
<br />0 0
<br />0 462 925
<br />$1,367
<br />1,850
<br />$2,313
<br />6,937
<br />- Misc.
<br />$11,279
<br />11,279
<br />11,279 $11,279
<br />$11.2179 11,279
<br />11,279
<br />$11,179
<br />112,790
<br />Total taxes
<br />$11,279
<br />$11,279
<br />$11,279 $11,279
<br />11,279 12,926 14,574
<br />16,221
<br />17,869
<br />19,516
<br />137,501
<br />id on
<br />improve-
<br />ments
<br />TOTAL REVENUES & COSTS
<br />30,795
<br />30,795
<br />$30,795
<br />30,795
<br />30,795
<br />32,442
<br />34,090
<br />35,737
<br />37,385
<br />$39,032
<br />332,661
<br />nopedandvementsof
<br />Jobs
<br />(-$75,000)
<br />(-$37,500)
<br />(-$37,500)
<br />0
<br />0
<br />0
<br />$150,000,
<br />of
<br />(-S5,320)
<br />(-$5,320)
<br />(-$5,320)
<br />(-$5,320)
<br />(-$5,320)
<br />(-$5,320)
<br />(-$5,320)
<br />(-$5,320)
<br />(-$5,320)
<br />(-$5,320)
<br />(-$53,200)
<br />ceace,ALS-)Cost
<br />LTaxes
<br />(-$80,320)
<br />(-$42,820)
<br />(-$42,820)
<br />(-$S,320)
<br />(-$5,320)
<br />(-55,320)
<br />(-$5,320)
<br />(-S5,320)
<br />(-$5,320)
<br />(-$5,320)
<br />$203,200oat/
<br />(-$49,525)
<br />(-$12,025)
<br />(-$12,025)
<br />25,475
<br />25,475
<br />27,122
<br />28,770
<br />30,417
<br />32,065
<br />33,712
<br />129,461
<br />itative
<br />(-$49,525)
<br />(-$61,550)
<br />(-$73,575)
<br />(-$48,100)
<br />(-$22,625)
<br />,497
<br />33,267
<br />63,684
<br />95,749
<br />129,461
<br />129,461
<br />it
<br />* Cost of services represents average annual operating cost for
<br />general industrial based on local research: police, fire, and
<br />advanced life support - $133/1000sq.ft.
<br />As indicated above, the hypothetical project would have a
<br />significant positive fiscal impact on the community, even with the
<br />incentive costs factored in. That, however, is not surprising.
<br />One principal reason for that is that, like all non-residential
<br />development, the hypothetical project would pay 10.348 mills in
<br />property tax for schools, yet not create any school demand or
<br />school costs.
<br />Essentially, that is one major benefit of attracting more non-
<br />residential development to the county. Because industrial
<br />enterprises provide local governments with more revenue than costs,
<br />non-residential uses to some extent subsidize residential
<br />development.
<br />51
<br />May 14, 1996 max PA -E 56
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