1. * 2 Years Construction + 1 Year Operating
City of Sumner Sedgwick Wellington
State Wellington County County Schools
REVENUE:
Gaming Rev. Sharing 46,360,736$ 1,717,065$ 1,717,065$ 1,717,065$ -$
Property Tax 27,950 2,165,475 1,056,575 - -
Sales/Use Tax 2,016,163 1,423,365 341,531 - -
Income Tax - - - - -
Developer Contributions 10,055,000 2,646,000 - - -
Total 58,459,849$ 7,951,905$ 3,115,171$ 1,717,065$ -$
COSTS:
Law Enforcement -$ 1,014,415$ -$ -$ -$
Public Works 10,055,000 2,646,000 - - -
Education - - - - 600,000
Fire Protection/EMS - 3,417,081 - - -
Total 10,055,000$ 7,077,496$ -$ -$ 600,000$
Surplus/(Deficit) 48,404,849$ 874,409$ 3,115,171$ 1,717,065$ (600,000)$
City of Sumner Sedgwick Wellington
REVENUE: State Wellington County County Schools
Gaming Rev. Sharing 32,901,120$ 1,218,560$ 1,218,560$ 1,218,560$ -$
Property Tax 384,550 12,746,307 14,469,093 - 15,385,861
Sales/Use Tax 12,897,696 3,041,909 2,433,528 - -
Income Tax 4,294,720 - - - -
Developer Contributions 10,055,000 2,646,000 - - -
Total 60,533,087$ 19,652,776$ 18,121,180$ 1,218,560$ 15,385,861$
COSTS:
Law Enforcement -$ 2,080,582$ 1,008,959$ -$ -$
Public Works 10,055,000 2,849,798 - - -
Education - - - - 6,580,158
Fire Protection/EMS - 2,502,918 - - -
Total 10,055,000$ 7,433,298$ 1,008,959$ -$ 6,580,158$
Surplus/(Deficit) 50,478,087$ 12,219,478$ 17,112,222$ 1,218,560$ 8,805,703$
FISCAL IMPACT--3 YEAR SUMMARY*
PENN SUMNER, LLC
Proposer's Estimates
Consultant's Estimates (Revised on 7/29/07)