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Sumner presentation mba
Sumner presentation mba
Sumner presentation mba
Sumner presentation mba
Sumner presentation mba
Sumner presentation mba
Sumner presentation mba
Sumner presentation mba
Sumner presentation mba
Sumner presentation mba
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Sumner presentation mba

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  • 1. FISCAL IMPACT ANALYSIS OF THE PROPOSED CHISHOLM CREEK FACILITY IN SOUTH CENTRAL ZONE OCTOBER 2009 MERIDIAN Business Advisors
  • 2. Study Purpose • Estimate the Financial Impact on State and Local Governments’ Budgets of the Proposed Lottery Gaming Facility • To Determine if the Lottery Gaming Facility Will Cause a Financial Surplus or Deficit To Governments’ Budgets
  • 3. Methodology • Compare Proposer’s Estimated Public Sector Revenue and Costs to Consultant’s Estimate • Over the Construction Period and 1st Full Year of Operations • 6-Year Fiscal Impact Summary Captures Findings • Used Fiscal Data Collected for 2008 Analyses; 2009 Analysis Sent to Representatives for Review and Comment
  • 4. Revenue Estimated: Gaming Revenue Sharing Property Tax Sales Tax Income Tax Costs Estimated: Law Enforcement Fire Protection/Emergency Medical Services Education Administrative Overhead Methodology (continued)
  • 5. Assumptions • MOU provides that – Developer will negotiate with County for construction or funding of roadways, utilities, public safety and emergency service facilities – Developer shall purchase and supply designated police, emergency and fire equipment and technology • No significant incremental public works/utilities costs – Unknown what projects/improvements will be required to service facility – Assume utility fees will be increased/decreased to cover operating expenditures
  • 6. Assumptions (continued) • No significant incremental resident-driven costs: – Clerk, Registrar, Courthouse, Unified Court, Counselor, CASA, Juvenile Court, and Planning – Assume only Professional, Manager, Executive and Technician positions new to area-130 positions at buildout • Remaining positions covered by existing unemployment pool of approximately 29,703 people (Wichita MSA rate of 8.9%)
  • 7. Assumptions (continued) • No significant incremental school costs-existing capacity within area school districts – Between 2003-04 and 2008-09, Sumner Co. had a decrease in enrollment of 262 students – Between 2005-06 and 2008-09, Sedgwick Co. had a decrease in enrollment of 1,310 students – KU's Institute for Policy and Social Research estimates a decreasing population in Sumner County through 2030 – In 2008, the Mulvane School District had an existing capacity of 155 students
  • 8. Governments Analyzed State--Revenue Only Sumner County Sumner County Rural Fire District #9 Mulvane School District
  • 9. REVENUE State Sumner County Sedgwick County Fire District No. 9 Mulvane School Distr. Property Tax 130,409$ 5,044,748$ -$ 520,941$ 4,478,946$ Sales Tax 10,251,645 1,934,273 - - - Gaming Revenue 170,984,822 14,248,735 7,124,368 - - Income Tax Revenue 9,618,505 - - - - Total 190,985,381$ 21,227,756$ 7,124,368$ 520,941$ 4,478,946$ COSTS State Sumner County Sedgwick County Fire District No. 9 Mulvane School Distr. Law Enforcement -$ 7,070,321$ -$ -$ -$ Fire/EMS - - - 4,943,998 - Education - - - - - Admin./Overhead - 2,222,511 - - - Total -$ 9,292,832$ -$ 4,943,998$ -$ CHISHOLM CREEK 6-YEAR SUMMARY
  • 10. State Sumner County Sedgwick County Fire District No. 9 Mulvane School Distr. Revenue 190,985,381$ 21,227,756$ 7,124,368$ 520,941$ 4,478,946$ Cost - 9,292,832 - 4,943,998 - Surplus/ (Deficit) $190,985,381 $11,934,924 $7,124,368 ($4,423,056) $4,478,946 CHISHOLM CREEK 6-YEAR SUMMARY

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