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Annual Operating Revenues <br /> Table 2 provides general formulas for determining a development's fiscal impact on the <br /> City's annual revenues and expenditures: <br /> Table 2 <br /> Fiscal Assumptions: � l <br /> Property Tax: 1%of market value at completion;increased by 2%per year <br /> Pleasanton's share of total tax 25.4% <br /> Sales and Use Tax 1%of gross sales is local sales tax and in Alameda County cities <br /> receive 95%of the 1%sales tax rate. <br /> For 2007108F!the sales tax per capita in Pteasantcnlis$292.39. <br /> Government Services/Expenditures Estimated at$1 per square foot of developed properly. <br /> Table 3 presents the annual operating revenues and expenditures based on the three types <br /> of housing units, assuming approximately 224 homes are relocated from the hillside to <br /> other areas of the City: <br /> Table 3 <br /> Based on 224 Homes beln• relocated to other areas of the Cl <br /> Multifamily Single Family Hillside Homes <br /> Revenues <br /> 128,018.00 $ 698,978.00 $ 1,934,464.00 <br /> Sales Property Tax $ 130.990.72 $ 198.488,08 $ 209.585.14 <br /> tas T Tax ax <br /> Total Annual Revenues $ 259,006.72 $ 893,482.08 $ 2,144,049.15 <br /> Expenditures <br /> Total Annual Expenditures $ 201,600.00 $ 784,000.00 $ 1 904 000.00 <br /> Net Additional Revenues $ 57,408.72 $ 109,482.08 $ 240 049.15 <br /> Maximum Reduction $ 240,049.15 <br /> $ 57 408.72 <br /> $ 182 842.43 <br /> Minimum Reduction $ 240,049.15 <br /> $ 109 482.08 <br /> $ 130 587.07 <br /> Based on the analysis in Table 3, the reduction in annual net revenues from relocating <br /> 224 homes from the hillside to other areas of the City ranges from$183,000 per year <br /> (based on 100%of the homes being multifamily) to $131,000 (based on 100%of the <br /> homes being single family). <br /> 29 <br />