28 new jobs ( 50% are $20 or more an hour) and $3,202,648 in new tax base generated by our recent economic development.
$109,000 in new property taxes ($34,752 City Portion) will be generated in our community for the City, County and School District.
$33,000 in Park and Recreation fees
$92,532 in SAC/WAC fees
$24,100 in Trunk Utility fees
$36,000 in Collector Street fees
11,082 in Signal Light fees
First year of tax and other payments to the City is $231,898. By year 4 the total $350,000 in economic incentives will have flowed back to the City.
2 comments:
28 jobs. Are you sure they are going to exist? How many new business say they are going to hire,because that is what you want to hear? I say the city should make it manditory to hire what they claim. If not take back all the sweet incentives the city gave them to come here.
those are the performance measures attached to the incentives
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