FISCAL IMPACT ANALYSIS
OF
LOTTERY GAMING FACILITY
IN
SOUTHEAST ZONE
JULY 2008
MERIDIAN
Business Advisors
Study Purpose
Estimate the Financial Impact on State and
Local Governments’ Budgets
Of the Proposed Lottery Gaming Facilit...
Study Purpose (Continued)
To Determine if the Lottery Gaming Facilities
Will Cause a Financial Surplus or Deficit
To Gover...
Methodology
• Compare Proposers’ Estimated Public Sector
Revenue and Costs to Consultant’s Estimate
• Over the Constructio...
Revenue Estimated:
Gaming Revenue Sharing
Property Tax
Sales Tax
Income Tax
Developer/Proposers’ Contribution
Costs Estima...
Governments Analyzed
State--Revenue Only
Counties and/or City if applicable
Fire District if applicable
School District
Galena
State Fire Cherokee Crawford K-12
Surplus/Deficit 12,853,000$ 130,000$ 3,074,000$ 340,000$ (5,308,000)$
Assumes fac...
FISCAL IMPACT ANALYSES
OF
LOTTERY GAMING FACILITIES
IN
SOUTH CENTRAL ZONE
JULY 2008
MERIDIAN
Business Advisors
Assumption
Selected Lottery Gaming Facility Will Be
In the Incorporated Area of
Mulvane or Wellington
Harrah's Marvel Penn
Revenue 117,592,000$ 113,034,000$ 108,610,000$
Costs 67,353,000 17,022,000 25,077,000
Surplus 50,239,...
State Mulvane Summer Sedgwick K-12
Surplus/Deficit 64,267,000$ (14,976,000)$ 14,028,000$ 1,852,000$ (14,932,000)$
Deficits...
State Wellington Summer Sedgwick K-12
Surplus/Deficit 50,633,000$ 27,303,000$ 12,463,000$ 1,325,000$ 4,287,000$
MARVEL 3-Y...
State Wellington Summer Sedgwick K-12
Surplus/Deficit 46,822,000$ 9,573,000$ 17,112,000$ 1,219,000$ 8,806,000$
PENN 3-YEAR...
State Mulvane Summer Sedgwick K-12
Surplus/Deficit
Harrah's 64,267,000$ (14,976,000)$ 14,028,000$ 1,852,000$ (14,932,000)$...
Upcoming SlideShare
Loading in...5
×

Power point presentation

477

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
477
On Slideshare
0
From Embeds
0
Number of Embeds
4
Actions
Shares
0
Downloads
4
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Power point presentation

  1. 1. FISCAL IMPACT ANALYSIS OF LOTTERY GAMING FACILITY IN SOUTHEAST ZONE JULY 2008 MERIDIAN Business Advisors
  2. 2. Study Purpose Estimate the Financial Impact on State and Local Governments’ Budgets Of the Proposed Lottery Gaming Facilities
  3. 3. Study Purpose (Continued) To Determine if the Lottery Gaming Facilities Will Cause a Financial Surplus or Deficit To Governments’ Budgets
  4. 4. Methodology • Compare Proposers’ Estimated Public Sector Revenue and Costs to Consultant’s Estimate • Over the Construction Period and 1st Full Year of Operations • 3-Year Fiscal Impact Summary Captures Findings • Fiscal Data Collected through Telephone Interviews with Government Representatives
  5. 5. Revenue Estimated: Gaming Revenue Sharing Property Tax Sales Tax Income Tax Developer/Proposers’ Contribution Costs Estimated: Law Enforcement Fire Protection/Emergency Medical Services Public Works Education Administrative Overhead
  6. 6. Governments Analyzed State--Revenue Only Counties and/or City if applicable Fire District if applicable School District
  7. 7. Galena State Fire Cherokee Crawford K-12 Surplus/Deficit 12,853,000$ 130,000$ 3,074,000$ 340,000$ (5,308,000)$ Assumes facility is located in unincorporated area. Deficit: K-12 27 new employees New additions to existing schools PENN SE 3-YEAR SUMMARY Cherokee-assumes unincorporated area
  8. 8. FISCAL IMPACT ANALYSES OF LOTTERY GAMING FACILITIES IN SOUTH CENTRAL ZONE JULY 2008 MERIDIAN Business Advisors
  9. 9. Assumption Selected Lottery Gaming Facility Will Be In the Incorporated Area of Mulvane or Wellington
  10. 10. Harrah's Marvel Penn Revenue 117,592,000$ 113,034,000$ 108,610,000$ Costs 67,353,000 17,022,000 25,077,000 Surplus 50,239,000$ 96,012,000$ 83,533,000$ FISCAL IMPACT SUMMARY - 3 YEAR ALL GOVERNMENT ENTITIES CONSULTANT'S ESTIMATE
  11. 11. State Mulvane Summer Sedgwick K-12 Surplus/Deficit 64,267,000$ (14,976,000)$ 14,028,000$ 1,852,000$ (14,932,000)$ Deficits: Mulvane Public Works' Costs K-12 450 new students 19 new employees 1 new elementary school HARRAH'S 3-YEAR SUMMARY
  12. 12. State Wellington Summer Sedgwick K-12 Surplus/Deficit 50,633,000$ 27,303,000$ 12,463,000$ 1,325,000$ 4,287,000$ MARVEL 3-YEAR SUMMARY
  13. 13. State Wellington Summer Sedgwick K-12 Surplus/Deficit 46,822,000$ 9,573,000$ 17,112,000$ 1,219,000$ 8,806,000$ PENN 3-YEAR SUMMARY
  14. 14. State Mulvane Summer Sedgwick K-12 Surplus/Deficit Harrah's 64,267,000$ (14,976,000)$ 14,028,000$ 1,852,000$ (14,932,000)$ State Wellington Summer Sedgwick K-12 Marvel 50,633,000$ 27,303,000$ 12,463,000$ 1,325,000$ 4,287,000$ Penn 46,822,000$ 9,573,000$ 17,112,000$ 1,219,000$ 8,806,000$ 3-YEAR SUMMARY LOTTERY GAMING FACILITIES-COMPARISON
  1. A particular slide catching your eye?

    Clipping is a handy way to collect important slides you want to go back to later.

×