Go to: OVERVIEW (SaveOurCounty) DETAILS (listener) PLANNING SCHOOLS ENVIRONMENT EROSION     Report corrections & broken links to Webmaster Get updates on local issues

Information in red is from Greenvest's appendix tables A-5 through A-8. It is provided for ready reference. It was not included in Greenvest's summary tables 1 through 3.

Fiscal Impact Summary Proposed Hunt Field Development, City of Charles Town, West Virginia
	Table 1, Fiscal Impact Summary			Table 2, Residential Land Uses				Table 3, Non-Residential Uses
Description	Total Residential	Total Non-Residential	Total	Total Single Family	Total Town House	Total Apartments	Total Residential	Retail	Office	Total
City Impact
Estimated City Revenues Generated	$2,139,861	$311,842	$2,451,703	$1,423,964	$474,063	$241,834	$2,139,861	$128,313	$183,529	$311,842
Estimated City Expenditures Impact	$2,162,645	$184,483	$2,347,128	$1,399,251	$505,706	$257,688	$2,162,645	$73,793	$110,690	$184,483
Estimated City Revenue Surplus (Deficit)	($22,784)	$127,359	$104,575	$24,713	($31,643)	($15,854)	($22,784)	$54,520	$72,839	$127,359
Board of Education Impact [Annual Operating Cost only, excludes construction costs]
Estimated B.O.E. Revenues Generated [no sources given: this is 3 times the property tax revenue]	12,833,109	$280,080	13,113,189	$9,852,163	$2,304,080	$676,866	12,833,109	$126,036	$154,044	$280,080
Estimated B.O.E. Expenditures Impact	13,519,673		13,519,673	10,379,249	$2,427,346	$713,078	13,519,673
Estimated B.O.E. Revenue Surplus (Deficit)	($686,564)	$280,080	($406,484)	($527,086)	($123,266)	($36,212)	($686,564)	$126,036	$154,044	$280,080
[Greenvest's estimate of property tax revenue for schools]	$3,975,322	$280,080	$4,255,402	$2,726,578	$826,523	$422,221	$3,975,322	$126,036	$154,044	$280,080
[Annual Surplus (Deficit) based on property taxes; excludes construction costs]	($9,544,351)	$280,080	($9,264,271)	($7,652,671)	($1,600,823)	($290,857)	($9,544,351)	$126,036	$154,044	$280,080
Net impact	($709,348)	$407,439	($301,909) ($9,159,696)	($502,373)	($154,909)	($52,066)	($709,348)	$180,556	$226,883	$407,439
Number of Residential Units	3,200	3,200	3,200	1,947	803	450	3,200
Net Impact per Residential Unit	($222)	$127	($94) ($2,862)	($258)	($193)	($116)	($222)
Number of Square Feet								100,000	100,000	200,000
Number of FTE Jobs Supported								222	333	555
Net Impact per Square Foot								$1.81	$2.27	$2.04
Net Impact per FTE Job								$813	$681	$734
Capital Facilities Contribution			$7,900,000
75-acre School Site			$3,000,000
Civic-Use Site			$100,000
Water Tariff* (Capacity Improvement Capital Cost Fee)			$2,400,000
Sewer Tariff (Capacity Improvement Capital Cost Fee)			$2,400,000
Total Estimated State Revenues Generated	$21,291	$1,500	$22,791	$14,603	$4,427	$2,261	$21,291	$675	$825	$1,500
From Real Estate Taxes	$16,810	$1,200	$18,010	$11,682	$3,373	$1,755	$16,810	$540	$660	$1,200
From Personal Property Taxes	$4,481	$300	$4,781	$2,921	$1,054	$506	$4,481	$135	$165	$300
Total Estimated County Revenues Generated	$1,183,741	$83,400	$1,267,141	$811,899	$246,116	$125,726	$1,183,741	$37,530	$45,870	$83,400
From Real Estate Taxes	$934,614	$66,720	$1,001,334	$649,519	$187,517	$97,578	$934,614	$30,024	$36,696	$66,720
From Personal Property Taxes	$249,127	$16,680	$265,807	$162,380	$58,599	$28,148	$249,127	$7,506	$9,174	$16,680
Notes: These are the revenue and expenditure figures that would have been generated had Hunt Field been fully built, occupied and annexed in FY 2000. Revenues and expenditures based on the FY 2000 financial statements for City of Charles Town and the Board of Education. * Does not include an additional $1,120,000 in service connection charges. These charges are treated as operating budget revenue to the PSC. Source: Center for Regional Analysis, The School of Public Policy, George Mason University Urban Analytics, Inc.

click to return to http://listeners.homestead.com