Quote:
Originally Posted by Cappy
Then you honestly don't understand how a CRL works. I thank my lucky stars you have zero say in the decision to fund this.
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I did not know you were an expert on CRLs.
What taxes are currently brought in from this area?
How much will be brought in by the new taxes, which do not currently exist?
How much new revenue, which does not currently exist, will there be after the CRL apportionment to the construction is covered?
How much of this tax revenue will be required for the operation of sites?
For example, and
all numbers are 100% made up, and used for illustrative purposes only.
Current tax revenue from the area: $10MM per year.
Current costs required to service area: $5MM per year.
Net benefit to City: $5MM per year.
New tax revenue from area: $100MM per year.
New costs to service the aea: $50MM per year.
CRL Allocation: $25MM per year.
Net Benefit to City: $25MM per year for the first ten years.
$50MM per year for the next X number of years.
We do not know the numbers above, at all. But, if the numbers are run, and look like that, I see that as a net benefit to the City, and bringing in new money.
But, as you said, I don't understand how a CRL works.
I am also glad you have no say in the matter.