If we can not get a 30 year Pro Forma, what about just an estimate for Fiscal 2022.
--------------------------------------------------------------------------------------------------------
Revenues
- Ballpark Taxes $147,167.00
- Parking Revenue $845,650.00
- LF Boutique Hotel & Retail Taxes $313,060.00
- WG South Hotel, Apartments & Retail Taxes $1,628,067.00
- Personal Property Tax $11,526.00
- Use and Occupancy Tax $571,388.00
- Advertising $156,000.00
- 8 City Revenue Events $40,000.00
Source Total $3,712,858.00
In 2022, the City will owe $2,971,416 towards the bond payment and operating costs for the ballpark. Therefore, in 2022, the City is estimating a surplus of $741,442 which includes a 5% contingency. (The sources and uses will fluctuate from year to year.)
---------------------------------------------------------------------------------------
In August of 2018, there was going to be a surplus of $741,442 in Fiscal 2022.
Can we get an update on the projected Revenues and Expenses for just Fiscal 2022. Then even a 5 year Pro Forma???
Comments
The budget for city events at the ballpark is gone as there will be no large scale events for some time.Besides, any revenue from those was a fantasy anyway. Does anyone really believe that the city will charge residents to attend public events at a publicly financed stadium in this equity and inclusion environment? There would would be riots, and to be fair, excluding poor city families is not the right thing to do in a public venue.
Buckle up for more tax increases and new tax classification categories. Nothing like a split tax rate too divert taxpayer attention from out of control municipal spending than a blood sport competition to be at the lowest rate at the expense of other taxpayers.