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o A total of $23.1 million (net present value, discounted at 4 percent) in additional
<br />City General Fund revenue, including construction period revenues, recurring site -
<br />specific tax, and other Project impacts.
<br />• City General Fund expenditures associated with the Project total $7 million (net present
<br />value, discounted at 4 percent)
<br />• As a result, the net new General Fund revenue (revenues less expenditures) is projected
<br />to be approximately $16.1 million (net present value, discounted at 4 percent) if the Project
<br />were developed as proposed.
<br />Table 1 summarizes the 25-year fiscal impact of the Project. Table 2 provides the corresponding
<br />forecast of the same impacts on the following page.
<br />Table 1
<br />NET NEW RECURRING GENERAL FUND FISCAL IMPACTS
<br />Central Pointe, Santa Ana
<br />25-Year Recurring
<br />Revenue Category
<br />Nominal
<br />NPV 4.0%
<br />Property Tax
<br />$ 18,505,380
<br />$ 10,333,353
<br />Property Tax In -Lieu
<br />12,096,754
<br />6,756,731
<br />Utility User Tax
<br />3,537,877
<br />1,884,715
<br />Sales Tax
<br />3,479,170
<br />1,853,440
<br />Measure X (2018) Sales Tax Increase
<br />2,753,009
<br />1,786,920
<br />Business Tax
<br />927,121
<br />493,901
<br />Total Revenues
<br />$ 41,299,312
<br />$ 23,109,059
<br />Less City Expenditures $(13,214,039) $ (7,026,724)
<br />NET NEW REVENUE TOTAL $ 28,085,273 $ 16,082,335
<br />Sources: City of Santa Ana, County of Orange, California State Board of Equalization, ESRI
<br />Business Analyst Online, and RSG, Inc.
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