RO tax county wide revenues equals $5.993M
The city is siphoning off $2.274M for the CC.
And STILL losing money on it.
(I haven’t even touched debt service yet either). Just think the CC cost $56.7M.
$56.7M At 4% how much over 20 years?
The budgets for both city and county indicate the CC is losing money.
Even when you figure in their "estimated" $49.1M in sales brought in at 6.25% the after tax revenue generated is less than the operating cost losses this year of ($5.5M). And, as stated I haven't touched debt service.
Please cite facts and figures and provide links to them.
That is of course if you're REALLY Mary Osbourne.
More information about formatting options