The complex will provide 110 jobs and $700,000 a year in property tax revenue, he said.
This has meant an over $300,000, decline in property tax revenues.
Local property tax revenues across the state rose by an average of 3.66 percent, the lowest increase in years.
Most property tax revenues are also transferred to the new cities.
Much of that increase comes from rising property tax revenues.
Under current law, part of the property tax revenue is used for debt service.
This year alone, the city expects to raise about $8.5 billion in property tax revenues.
A 1982 election gave the garden access to property tax revenues, which now make up 28.9 percent of the budget.
It will bring in substantial new property tax revenue to the city.
In 1994, the first year of the Whitman administration, property tax revenues increased 5 percent, according to the analysis.
The complex will provide 110 jobs and $700,000 a year in property tax revenue, he said.
This has meant an over $300,000, decline in property tax revenues.
Local property tax revenues across the state rose by an average of 3.66 percent, the lowest increase in years.
Most property tax revenues are also transferred to the new cities.
Much of that increase comes from rising property tax revenues.
Under current law, part of the property tax revenue is used for debt service.
This year alone, the city expects to raise about $8.5 billion in property tax revenues.
A 1982 election gave the garden access to property tax revenues, which now make up 28.9 percent of the budget.
It will bring in substantial new property tax revenue to the city.
In 1994, the first year of the Whitman administration, property tax revenues increased 5 percent, according to the analysis.
