|
Financial Benefit of Vandenberg Project
(Low end projection)
|
|
|
|
|
|
|
|
|
| Tourist Development Council |
|
|
1 year |
|
10 years |
|
Total tax revenue |
|
|
$42,000 |
|
$420,000 |
|
|
|
|
|
|
|
|
| State of Florida |
|
|
|
1 year |
|
10 years |
|
Hotel/lodging tax revenues |
|
$77,000 |
|
$770,000 |
|
Tax revenues on other expenditures |
$176,000 |
|
$1,760,000 |
|
Total Tax Revenue |
|
|
$253,000 |
|
$2,530,000 |
|
|
|
|
|
|
|
|
| Monroe County |
|
|
|
1 year |
|
10 years |
|
Hotel/lodging tax revenues |
|
$38,500 |
|
$385,000 |
|
Tax revenues on other expenditures |
$64,000 |
|
$640,000 |
|
Total Tax Revenue |
|
|
$102,500 |
|
$1,025,000 |
|
|
|
|
|
|
|
|
| City of Key West |
|
|
|
1 year |
|
10 years |
|
Total Tax Revenue |
|
|
$3,500 |
|
$35,000 |
|
|
|
|
|
|
|
|
| TDC, State of Florida, Monroe County, |
|
|
|
|
| City of Key West |
|
|
|
1 year |
|
10 years |
|
Gross Revenues |
|
|
$401,000 |
|
$4,010,000 |
Middle Range Projection
| Nontaxable Expenditures |
$1.9 |
million |
|
0.5% |
County General Fund |
|
(food stores, fishing boat fees) |
|
|
0.5% |
County Land Authority |
| Total Spending |
|
$11.2 |
million |
Components of County Land Authority |
|
|
|
|
|
0.5% |
Spent within County |
|
|
|
|
|
0.5% |
Spent within Key West |
|
|
|
|
|
i.e. of .5% going to County Land Authority, |
|
|
|
|
|
half is spent in county, half goes directly to Key West |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Tourist Development Council |
|
|
1 year |
|
10 years |
|
Total tax revenue |
|
|
$84,000 |
|
$840,000 |
|
|
|
|
|
|
|
|
| State of Florida |
|
|
|
1 year |
|
10 years |
|
Hotel/lodging tax revenues |
|
$154,000 |
|
$1,540,000 |
|
Tax revenues on other expenditures |
$357,500 |
|
$3,575,000 |
|
Total Tax Revenue |
|
|
$511,500 |
|
$5,115,000 |
|
|
|
|
|
|
|
|
| Monroe County |
|
|
|
1 year |
|
10 years |
|
Hotel/lodging tax revenues |
|
$77,000 |
|
$770,000 |
|
Tax revenues on other expenditures |
$130,000 |
|
$1,300,000 |
|
Total Tax Revenue |
|
|
$207,000 |
|
$2,070,000 |
|
|
|
|
|
|
|
|
| City of Key West |
|
|
|
1 year |
|
10 years |
|
Total Tax Revenue |
|
|
$7,000 |
|
$70,000 |
|
|
|
|
|
|
|
|
| TDC, State of Florida, Monroe County, |
|
|
|
|
| City of Key West |
|
|
|
1 year |
|
10 years |
|
Gross Revenues |
|
|
$809,500 |
|
$8,095,000 |
High end projection
|
|
|
|
|
0.5% |
Spent within Key West |
|
|
|
|
|
i.e. of .5% going to County Land Authority, |
|
|
|
|
|
half is spent in county, half goes directly to |
|
|
|
|
|
Key West |
|
|
|
|
|
|
|
|
|
|
| Tourist Development Council |
|
|
1 year |
|
10 years |
|
Total tax revenue |
|
|
$126,000 |
|
$1,260,000 |
|
|
|
|
|
|
|
|
| State of Florida |
|
|
|
1 year |
|
10 years |
|
Hotel/lodging tax revenues |
|
$231,000 |
|
$2,310,000 |
|
Tax revenues on other expenditures |
$533,500 |
|
$5,335,000 |
|
Total Tax Revenue |
|
|
$764,500 |
|
$7,645,000 |
|
|
|
|
|
|
|
|
| Monroe County |
|
|
|
1 year |
|
10 years |
|
Hotel/lodging tax revenues |
|
$115,500 |
|
$1,155,000 |
|
Tax revenues on other expenditures |
$194,000 |
|
$1,940,000 |
|
Total Tax Revenue |
|
|
$309,500 |
|
$3,095,000 |
|
|
|
|
|
|
|
|
| City of Key West |
|
|
|
1 year |
|
10 years |
|
Total Tax Revenue |
|
|
$10,500 |
|
$105,000 |
|
|
|
|
|
|
|
|
| TDC, State of Florida, Monroe County, |
|
|
|
|
| City of Key West |
|
|
|
1 year |
|
10 years |
|
Gross Revenues |
|
|
$1,210,500 |
|
$12,105,000 |
|
