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ta <br />www.FinanceDTA.com <br />SECTION III <br />DESCRIPTION OF RECURRING <br />FISCAL REVENUES/COSTS <br />Table 8 quantify the marginal increase in revenue per Person Served by each specific <br />revenue category that will result from the development of the proposed Project. <br />Table 8: General Fund Revenues (Multiplier Method) <br />Business License Tax <br />$90.08 <br />Per Employee <br />15% <br />Franchise Fees and Taxes <br />$25.13 <br />Person Served <br />15% <br />Charges for Services <br />$24.50 <br />Person Served <br />15% <br />Licenses and Permits <br />$7.78 <br />Person Served <br />15% <br />Fines, Forfeitures, and Penalties <br />$12.98 <br />Person Served <br />15% <br />Adult -Use Retail Business Cannabis Tax <br />$4.08 <br />Person Served <br />90% <br />Medical Marijuana Taxes <br />$0.14 <br />Person Served <br />90% <br />B.1 Business License Tax <br />Business license tax revenue is expected to increase as the City looks to expand its <br />commercial and industrial sectors. The purpose of this annual tax is to ensure that <br />businesses share the burden of payment for City services used by the business and/or <br />their employees. <br />Note that the revenue multiplier presented in this section has been reduced by 15% <br />to account for only the portion of the business license tax revenues that are expected <br />to vary with population and employee growth in the City. <br />DTA forecasts the business license tax at $90.08 per employee using the Per <br />Employee Multiplier Method generating $38,284 in additional revenue to the City's <br />General Fund. <br />B.Z Franchise Fees and Taxes <br />Franchise fees and taxes are expected to play a consistent role in contributing to the <br />City's General Fund over the next several years. Generally, a tax is a compulsory <br />payment levied by the government on its citizens and various business firms. In <br />contrast, a fee is usually defined as a voluntary payment to the government for the <br />special services rendered by it in the public interest. This distinction has become <br />blurred as fees are usually a required part of doing business in a particular area or <br />industry, so for the purpose of this Report, both terms will be referred to as fees. <br />Note that the revenue multiplier presented in this section has been reduced by 15% <br />to account for only the portion of the franchise fee and tax revenues that are <br />expected to vary with population and employee growth in the City, as opposed to <br />such revenues that are fixed and will therefore remain unchanged by the Project. <br />DTA has forecasted franchise fees at $25.13 per Person Served using the Per Capita <br />Multiplier Method (this represents a marginal increase in revenue per additional <br />Persons Served in this category). This is expected to generate $5,353 in additional <br />EPD Solutions, Inc. May 1-7 2024 <br />South Coast Technology Center Fiscal Impact Analysis Report <br />13 <br />