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Ford presentation

  1. 1. FISCAL IMPACT ANALYSIS OF LOTTERY GAMING FACILITY IN SOUTHWEST ZONE SEPTEMBER 2008 MERIDIAN Business Advisors
  2. 2. Study Purpose Estimate the Financial Impact on State and Local Governments’ Budgets Of the Proposed Lottery Gaming Facilities MERIDIAN Business Advisors
  3. 3. Study Purpose (Continued) To Determine if the Lottery Gaming Facilities Will Cause a Financial Surplus or Deficit To Local Governments’ Budgets MERIDIAN Business Advisors
  4. 4. Methodology • Compare Proposers’ Estimated Public Sector Revenue and Costs to Consultant’s Estimate • 5-Year Fiscal Impact Summary Captures Findings • Fiscal Data Collected through Telephone Interviews with Government Representatives MERIDIAN Business Advisors
  5. 5. Revenue and Cost Estimates Revenue Estimated: Gaming Revenue Sharing Property Tax Sales Tax Income Tax Building Permit Fees Lodging Tax Developer/Proposers’ Contribution Costs Estimated: Law Enforcement Fire Protection/Emergency Medical Services Public Works Education Administrative Overhead MERIDIAN Business Advisors
  6. 6. Governments Analyzed State--Revenue Only Counties and/or City, if applicable Fire District, if applicable School District MERIDIAN Business Advisors
  7. 7. Butler National Service Corporation State of Ford Dodge Dodge Kansas County City Schools Revenue 42,712,000$ 6,050,000$ 6,595,000$ 11,620,000$ Costs - 869,000 1,710,000 23,913,000 Surplus/Deficit 42,712,000$ 5,181,000$ 4,885,000$ (12,293,000)$ 5-Year Summary MERIDIAN Business Advisors
  8. 8. Dodge City Resort & Gaming State of Ford Dodge Dodge Kansas County City Schools Revenue 44,626,000$ 5,381,000$ 5,983,000$ 11,970,000$ Costs - 909,000 1,790,000 21,145,000 Surplus/Deficit 44,626,000$ 4,472,000$ 4,193,000$ (9,175,000)$ 5-Year Summary MERIDIAN Business Advisors
  9. 9. Southwest Zone Comparison MERIDIAN Business Advisors State of Ford Dodge Dodge Kansas County City Schools Surplus/Deficit Butler National 42,712,000$ 5,181,000$ 4,885,000$ (12,293,000)$ Dodge City 44,626,000 4,472,000 4,193,000 (9,175,000) 5-Year Summary
  10. 10. School Deficit Explained Butler Dodge # ofLocalEmployees 513 396 # ofStudents 801 617 Students > Capacity 500 322 # ofStaff 65 50 Average Salary 46,082$ 46,082$ # ofNew Classrooms 23 15 Cost ofClassroom 280,000$ 280,000$ CapitalCost 7,097,911$ 4,361,296$

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